9,889 Shares in Embraer S.A. (NYSE:ERJ) Bought by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new stake in Embraer S.A. (NYSE:ERJ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,889 shares of the aerospace company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nicholas Investment Partners LP boosted its stake in Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after acquiring an additional 426,153 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Embraer during the first quarter worth $10,754,000. Jennison Associates LLC acquired a new position in shares of Embraer in the 1st quarter valued at $9,818,000. Perpetual Ltd increased its position in shares of Embraer by 88.4% in the 1st quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock valued at $16,614,000 after buying an additional 292,630 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in Embraer during the 4th quarter worth $4,662,000. Institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

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

Embraer Stock Down 0.8 %

Embraer stock opened at $35.14 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Embraer S.A. has a 1-year low of $12.48 and a 1-year high of $37.26. The company has a fifty day simple moving average of $31.50 and a 200 day simple moving average of $28.12. The company has a market cap of $6.45 billion, a P/E ratio of 24.40 and a beta of 1.69.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.32 EPS. Embraer’s revenue for the quarter was up 15.6% compared to the same quarter last year. Research analysts anticipate that Embraer S.A. will post 1.49 earnings per share for the current fiscal year.

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.