Ashton Thomas Private Wealth LLC Makes New Investment in Embraer S.A. (NYSE:ERJ)

Ashton Thomas Private Wealth LLC purchased a new position in Embraer S.A. (NYSE:ERJ) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,121 shares of the aerospace company’s stock, valued at approximately $55,000.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in Embraer during the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer in the 2nd quarter valued at about $44,000. Montag A & Associates Inc. boosted its position in Embraer by 221.7% during the 1st quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,811 shares during the last quarter. Asset Dedication LLC acquired a new position in Embraer during the second quarter worth $71,000. Finally, Quent Capital LLC bought a new position in shares of Embraer in the 2nd quarter valued at about $129,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

Shares of NYSE:ERJ opened at $36.95 on Monday. Embraer S.A. has a one year low of $12.48 and a one year high of $37.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 25.66 and a beta of 1.69. The company’s fifty day moving average price is $31.32 and its 200-day moving average price is $28.01.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 15.6% on a year-over-year basis. On average, equities research analysts anticipate that Embraer S.A. will post 1.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ERJ. Bank of America raised their price objective on Embraer from $28.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. UBS Group upped their price target on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, July 3rd. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.50.

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.