Itau Unibanco Holding S.A. Has $18.25 Million Stock Holdings in Embraer S.A. (NYSE:ERJ)

Itau Unibanco Holding S.A. trimmed its position in shares of Embraer S.A. (NYSE:ERJ) by 51.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 718,618 shares of the aerospace company’s stock after selling 764,345 shares during the period. Embraer makes up approximately 0.8% of Itau Unibanco Holding S.A.’s holdings, making the stock its 28th largest holding. Itau Unibanco Holding S.A. owned approximately 0.39% of Embraer worth $18,249,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Embraer by 6.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock valued at $323,000 after purchasing an additional 1,070 shares during the period. Wells Fargo & Company MN increased its holdings in 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 buying an additional 9,809 shares during the period. Trexquant Investment LP acquired a new position in shares of Embraer in the 4th quarter valued at $1,383,000. Orion Portfolio Solutions LLC bought a new position in shares of Embraer during the 4th quarter worth about $772,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Embraer during the 4th quarter valued at about $835,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Up 0.9 %

Shares of ERJ opened at $35.10 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 24.38 and a beta of 1.69. The stock has a fifty day moving average price of $31.95 and a two-hundred day moving average price of $28.45. Embraer S.A. has a 52-week low of $12.48 and a 52-week high of $37.26.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. Analysts predict that Embraer S.A. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ERJ shares. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. UBS Group upped their price target on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, Bank of America reissued a “buy” rating and set a $40.00 price objective on shares of Embraer in a report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Embraer has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer 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.