Wealth Enhancement Advisory Services LLC Purchases 7,852 Shares of Embraer S.A. (NYSE:ERJ)

Wealth Enhancement Advisory Services LLC lifted its position in shares of Embraer S.A. (NYSE:ERJ) by 82.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,390 shares of the aerospace company’s stock after acquiring an additional 7,852 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Embraer were worth $615,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in Embraer during the 2nd quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Embraer during the second quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new position in Embraer in the second quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the last quarter. Finally, Montag A & Associates Inc. grew its holdings in Embraer by 221.7% during the 1st quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,811 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

ERJ opened at $35.16 on Friday. The business’s 50-day moving average price is $34.54 and its two-hundred day moving average price is $30.75. Embraer S.A. has a 1 year low of $15.16 and a 1 year high of $37.30. 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 (NYSE:ERJ) last announced its 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.32 EPS. Embraer’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts anticipate that Embraer S.A. will post 1.6 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on ERJ shares. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. 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. Finally, TD Cowen upgraded shares of 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.86.

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.