SG Americas Securities LLC Has $507,000 Stock Position in Embraer S.A. (NYSE:ERJ)

SG Americas Securities LLC lowered its holdings in shares of Embraer S.A. (NYSE:ERJ) by 85.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,330 shares of the aerospace company’s stock after selling 80,960 shares during the period. SG Americas Securities LLC’s holdings in Embraer were worth $507,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ERJ. PNC Financial Services Group Inc. bought a new position in Embraer during the fourth quarter worth $30,000. Sunbelt Securities Inc. bought a new stake in Embraer in the second quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Embraer in the second quarter valued at $44,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Embraer in the second quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Down 2.1 %

Embraer stock opened at $32.47 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. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 22.55 and a beta of 1.69. The business has a fifty day moving average price of $33.75 and a 200-day moving average price of $29.72. Embraer S.A. has a 1-year low of $13.56 and a 1-year high of $37.30.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. Equities research analysts forecast that Embraer S.A. will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ERJ has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America restated a “buy” rating and issued a $40.00 target price on shares of Embraer in a research note on Tuesday, September 17th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen raised Embraer from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

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.