Embraer S.A. (NYSE:ERJ) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in shares of Embraer S.A. (NYSE:ERJ) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,209 shares of the aerospace company’s stock after purchasing an additional 390 shares during the period. Commonwealth Equity Services LLC’s holdings in Embraer were worth $573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ERJ. TimesSquare Capital Management LLC purchased a new stake in Embraer during the 1st quarter worth $10,754,000. Jennison Associates LLC acquired a new position in shares of Embraer in the first quarter worth about $9,818,000. Perpetual Ltd lifted its stake in shares of Embraer by 88.4% in the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after acquiring an additional 292,630 shares in the last quarter. Banco BTG Pactual S.A. purchased a new position in Embraer in the fourth quarter valued at about $4,662,000. Finally, Principal Financial Group Inc. acquired a new stake in Embraer during the 1st quarter valued at approximately $5,668,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Trading Up 0.9 %

NYSE 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. Embraer S.A. has a one year low of $12.48 and a one year high of $37.26. The company has a 50-day simple moving average of $31.83 and a 200-day simple moving average of $28.31. The firm has a market capitalization of $6.45 billion, a PE ratio of 24.40 and a beta of 1.69.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. Embraer’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts forecast that Embraer S.A. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

ERJ has been the subject of several research analyst reports. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America reiterated a “buy” rating and set a $40.00 price objective on shares of Embraer in a research note on Tuesday. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, UBS Group increased their price target on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

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.