Embraer S.A. (NYSE:ERJ) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in shares of Embraer S.A. (NYSE:ERJ) by 29.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,329 shares of the aerospace company’s stock after selling 7,289 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Embraer were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. SteelPeak Wealth LLC acquired a new position in Embraer in the 2nd quarter valued at about $443,000. SG Americas Securities LLC acquired a new position in Embraer in the second quarter valued at approximately $2,458,000. Atria Investments Inc purchased a new position in Embraer in the first quarter worth approximately $1,671,000. Blue Trust Inc. increased its stake in Embraer by 35.7% during the second quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after acquiring an additional 3,091 shares during the last quarter. Finally, Nicholas Investment Partners LP raised its position in Embraer by 424.7% in the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after purchasing an additional 426,153 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

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

Embraer Price Performance

Embraer stock opened at $35.10 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. Embraer S.A. has a 52-week low of $12.48 and a 52-week high of $37.26. The firm has a market cap of $6.45 billion, a PE ratio of 24.38 and a beta of 1.69. The company’s 50 day moving average is $31.83 and its two-hundred day moving average is $28.31.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) 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 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 firm earned $0.32 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, research analysts expect that Embraer S.A. will post 1.49 EPS for the current fiscal 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.