State of Wyoming Has $40,000 Stake in Embraer-Empresa Brasileira de Aeronautica $ERJ

State of Wyoming decreased its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 61.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 870 shares of the aerospace company’s stock after selling 1,370 shares during the period. State of Wyoming’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ERJ. GQG Partners LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $276,246,000. JPMorgan Chase & Co. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company’s stock worth $161,737,000 after purchasing an additional 3,036,797 shares during the period. Jennison Associates LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company’s stock worth $190,629,000 after purchasing an additional 2,819,306 shares during the period. Nuveen LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth approximately $84,931,000. Finally, Invesco Ltd. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 116.8% in the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company’s stock worth $123,762,000 after purchasing an additional 1,443,186 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.3%

ERJ stock opened at $59.38 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $32.26 and a 1 year high of $62.09. The company has a fifty day simple moving average of $55.80 and a 200 day simple moving average of $50.74. The firm has a market cap of $10.91 billion, a PE ratio of 28.97 and a beta of 1.87.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm posted $0.44 EPS. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ERJ shares. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. UBS Group lifted their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 15th. Wolfe Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research note on Thursday, July 31st. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong sell” rating in a research note on Friday, August 15th. Finally, Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of “Moderate Buy” and a consensus price target of $57.40.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.