Deltec Asset Management LLC trimmed its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 14.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,750 shares of the aerospace company's stock after selling 29,000 shares during the period. Deltec Asset Management LLC's holdings in Embraer were worth $4,354,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Embraer by 6.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company's stock worth $277,000 after acquiring an additional 652 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Embraer by 6.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company's stock worth $323,000 after acquiring an additional 1,070 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Embraer by 2.6% in the first quarter. Orion Portfolio Solutions LLC now owns 44,535 shares of the aerospace company's stock worth $1,186,000 after acquiring an additional 1,139 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Embraer by 33.2% in the first quarter. Advisors Asset Management Inc. now owns 5,598 shares of the aerospace company's stock worth $149,000 after acquiring an additional 1,394 shares during the period. Finally, PNC Financial Services Group Inc. bought a new stake in Embraer during the fourth quarter valued at $30,000. 34.65% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a research note on Tuesday, July 23rd. UBS Group lifted their price objective on Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Embraer presently has an average rating of "Moderate Buy" and a consensus price target of $29.83.
View Our Latest Analysis on Embraer
Embraer Price Performance
NYSE ERJ traded down $0.03 during trading hours on Wednesday, reaching $32.15. 845,146 shares of the stock traded hands, compared to its average volume of 1,708,070. The stock has a 50 day simple moving average of $28.58 and a two-hundred day simple moving average of $25.54. Embraer S.A. has a 1 year low of $12.48 and a 1 year high of $33.17. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 22.33 and a beta of 1.71.
Embraer (NYSE:ERJ - Get Free Report) last released its quarterly 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 5.35% and a net margin of 4.84%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $0.32 earnings per share. The company's revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that Embraer S.A. will post 1.3 EPS for the current fiscal year.
About Embraer
(Free Report)
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.
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