Daiwa Securities Group Inc. Sells 9,000 Shares of Embraer S.A. (NYSE:ERJ)

Daiwa Securities Group Inc. lowered its holdings in Embraer S.A. (NYSE:ERJ) by 33.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,000 shares of the aerospace company’s stock after selling 9,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Embraer were worth $464,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BNP Paribas Financial Markets raised its stake in shares of Embraer by 40.2% during the 4th quarter. BNP Paribas Financial Markets now owns 147,185 shares of the aerospace company’s stock worth $2,716,000 after acquiring an additional 42,190 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Embraer by 6.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock worth $323,000 after purchasing an additional 1,070 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Embraer during the 4th quarter worth approximately $1,321,000. Wells Fargo & Company MN grew its position in Embraer by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock worth $8,586,000 after purchasing an additional 9,809 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Embraer during the 4th quarter worth approximately $1,383,000. Institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ERJ shares. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Bank of America upped their price objective on shares of Embraer from $28.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, UBS Group increased 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer Price Performance

ERJ opened at $35.43 on Tuesday. The stock’s 50-day moving average price is $31.50 and its 200 day moving average price is $28.12. Embraer S.A. has a 12-month low of $12.48 and a 12-month high of $37.26. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 24.60 and a beta of 1.69.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $0.32 EPS. Embraer’s revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Embraer S.A. will post 1.49 earnings per share for the current year.

About Embraer

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.