SteelPeak Wealth LLC bought a new position in Embraer S.A. (NYSE:ERJ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,184 shares of the aerospace company's stock, valued at approximately $443,000.
Other hedge funds have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC grew its holdings in Embraer by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company's stock valued at $277,000 after buying an additional 652 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Embraer by 6.5% in the 4th 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 lifted its position in shares of Embraer by 2.6% in the 1st 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. lifted its position in shares of Embraer by 33.2% in the 1st 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 shares of Embraer in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 34.65% of the company's stock.
Embraer Price Performance
Shares of ERJ traded down $0.14 during trading hours on Friday, reaching $32.50. The stock had a trading volume of 1,157,703 shares, compared to its average volume of 1,702,323. Embraer S.A. has a 12 month low of $12.48 and a 12 month high of $33.17. The stock has a market capitalization of $5.97 billion, a PE ratio of 22.57 and a beta of 1.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. The company's 50-day moving average is $28.75 and its two-hundred day moving average is $25.69.
Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 4.84% and a return on equity of 5.35%. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the firm earned $0.32 EPS. The firm's revenue for the quarter was up 15.6% compared to the same quarter last year. Research analysts expect that Embraer S.A. will post 1.3 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. UBS Group raised their price objective on Embraer from $28.50 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 3rd. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Embraer currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.83.
Get Our Latest Analysis on ERJ
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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