Embraer S.A. (NYSE:ERJ) Stock Position Lessened by Brandes Investment Partners LP

Brandes Investment Partners LP reduced its position in Embraer S.A. (NYSE:ERJ - Free Report) by 21.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,268,752 shares of the aerospace company's stock after selling 3,409,815 shares during the quarter. Embraer comprises about 3.9% of Brandes Investment Partners LP's holdings, making the stock its biggest holding. Brandes Investment Partners LP owned 6.68% of Embraer worth $319,290,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in Embraer during the 4th quarter valued at about $30,000. Sunbelt Securities Inc. purchased a new stake in shares of Embraer during the second quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Embraer in the second quarter valued at about $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the second quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Embraer by 25.0% during 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 in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ERJ has been the topic of several recent research reports. Bank of America restated a "buy" rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a research report on Tuesday, July 23rd. TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and boosted their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, UBS Group upped their target price 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 six have assigned a buy rating to the company's stock. According to MarketBeat.com, Embraer presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.50.

Embraer Price Performance

Shares of Embraer stock traded down $0.35 during midday trading on Monday, hitting $35.37. 830,728 shares of the company were exchanged, compared to its average volume of 1,671,483. The firm has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $29.11. The firm has a market cap of $6.50 billion, a P/E ratio of 24.56 and a beta of 1.69. 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 S.A. has a 52 week low of $12.48 and a 52 week high of $37.30.

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

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.