Parallel Advisors LLC Sells 190 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Parallel Advisors LLC decreased its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,596 shares of the aerospace company’s stock after selling 190 shares during the period. Parallel Advisors LLC’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $91,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GQG Partners LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $276,246,000. Jennison Associates LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 215.7% in the first 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 last quarter. JPMorgan Chase & Co. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 654.5% in the first 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 last quarter. Invesco Ltd. lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 116.8% in the first 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 last quarter. Finally, Nuveen LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the first quarter worth about $84,931,000. Institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ERJ. UBS Group raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock 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 price objective for the company in a research note on Thursday, July 31st. Bank of America raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of ERJ stock opened at $60.24 on Thursday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 3.67 and a beta of 1.87. The company’s 50 day moving average is $56.15 and its 200 day moving average is $51.47. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $32.26 and a 52-week high of $62.09.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued 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). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. During the same period in the previous year, the business earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica 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.