B. Riley Wealth Advisors Inc. Decreases Stock Position in Embraer S.A. (NYSE:ERJ)

B. Riley Wealth Advisors Inc. decreased its stake in shares of Embraer S.A. (NYSE:ERJ) by 30.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,246 shares of the aerospace company’s stock after selling 11,318 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Embraer were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ERJ. Itau Unibanco Holding S.A. increased its stake in shares of Embraer by 69.3% during the third quarter. Itau Unibanco Holding S.A. now owns 1,431,059 shares of the aerospace company’s stock worth $19,634,000 after buying an additional 586,027 shares during the period. Wells Fargo & Company MN increased its position in shares of Embraer by 2.2% in the 4th quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock valued at $8,586,000 after purchasing an additional 9,809 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of Embraer in the 3rd quarter valued at $4,137,000. Envestnet Asset Management Inc. lifted its position in shares of Embraer by 74.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 298,070 shares of the aerospace company’s stock worth $4,090,000 after purchasing an additional 127,675 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Embraer during the fourth quarter worth $4,662,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of NYSE:ERJ opened at $27.63 on Monday. Embraer S.A. has a 1-year low of $12.48 and a 1-year high of $31.12. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average price of $27.36 and a 200 day moving average price of $22.80.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%. On average, equities analysts anticipate that Embraer S.A. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on ERJ shares. UBS Group restated a “neutral” rating and issued a $28.50 price target (up from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. Morgan Stanley increased their price target on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. The Goldman Sachs Group boosted their price objective on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

Embraer 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.