Vontobel Holding Ltd. Makes New Investment in Embraer S.A. (NYSE:ERJ)

Vontobel Holding Ltd. acquired a new stake in shares of Embraer S.A. (NYSE:ERJ) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,000 shares of the aerospace company’s stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ERJ. American Century Companies Inc. grew its holdings in shares of Embraer by 6.4% during the second quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after buying an additional 137,695 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after purchasing an additional 197,600 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after buying an additional 728,592 shares during the period. Artemis Investment Management LLP acquired a new position in shares of Embraer during the 3rd quarter valued at about $30,358,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Embraer by 8.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after acquiring an additional 59,084 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ERJ. Bank of America reissued a “buy” rating and set a $40.00 price objective on shares of Embraer in a research note on Tuesday, September 17th. UBS Group boosted their price objective on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.86.

Embraer Stock Down 0.8 %

Shares of NYSE ERJ opened at $35.03 on Wednesday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 24.33 and a beta of 1.69. Embraer S.A. has a 1 year low of $13.56 and a 1 year high of $37.30. 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 stock’s 50-day simple moving average is $34.12 and its 200-day simple moving average is $29.96.

Embraer (NYSE:ERJ) last posted its quarterly earnings results 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. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. As a group, equities analysts anticipate that Embraer S.A. will post 1.6 earnings per share 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.