Sanctuary Advisors LLC Makes New Investment in Embraer S.A. (NYSE:ERJ)

Sanctuary Advisors LLC bought a new position in shares of 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. The firm bought 77,380 shares of the aerospace company’s stock, valued at approximately $2,011,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Investment Advisers boosted its position in Embraer by 30.4% in the second quarter. Cetera Investment Advisers now owns 58,457 shares of the aerospace company’s stock worth $1,508,000 after purchasing an additional 13,611 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Embraer in the 2nd quarter worth about $41,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after buying an additional 728,592 shares during the last quarter. Finally, Employees Retirement System of Texas raised its position in Embraer by 43.6% in the second quarter. Employees Retirement System of Texas now owns 34,600 shares of the aerospace company’s stock worth $893,000 after acquiring an additional 10,500 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Embraer stock opened at $33.59 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. Embraer S.A. has a one year low of $12.76 and a one year high of $37.30. The firm has a market capitalization of $6.17 billion, a P/E ratio of 23.33 and a beta of 1.69. The business has a fifty day moving average price of $33.30 and a 200-day moving average price of $29.50.

Embraer (NYSE:ERJ) last posted its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share 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 analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts forecast that Embraer S.A. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

ERJ has been the subject of a number of research reports. UBS Group increased their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Bank of America reissued a “buy” rating and issued a $40.00 target price on shares of Embraer in a research report on Tuesday, September 17th. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.