Quent Capital LLC Grows Position in Embraer S.A. (NYSE:ERJ)

Quent Capital LLC increased its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 380.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,000 shares of the aerospace company's stock after acquiring an additional 19,000 shares during the period. Quent Capital LLC's holdings in Embraer were worth $857,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ERJ. SteelPeak Wealth LLC purchased a new position in Embraer during the 2nd quarter worth $443,000. SG Americas Securities LLC purchased a new position in Embraer during the second quarter worth about $2,458,000. Atria Investments Inc bought a new stake in Embraer in the 1st quarter worth about $1,671,000. Blue Trust Inc. increased its stake in Embraer by 35.7% in the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company's stock valued at $313,000 after buying an additional 3,091 shares during the last quarter. Finally, Nicholas Investment Partners LP lifted its position in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company's stock worth $13,584,000 after buying an additional 426,153 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ERJ. StockNews.com downgraded 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 lifted their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. UBS Group increased their price target on shares of Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, July 3rd. Finally, Bank of America reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. Three equities 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Embraer Stock Performance

Shares of NYSE ERJ traded up $0.63 during midday trading on Friday, hitting $33.93. The company's stock had a trading volume of 1,118,979 shares, compared to its average volume of 1,665,175. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 23.56 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $33.15 and a 200 day moving average price of $29.33. Embraer S.A. has a one year low of $12.48 and a one year high of $37.30.

Embraer (NYSE:ERJ - Get Free Report) last issued 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 net margin of 6.76% and a return on equity of 5.94%. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The business's revenue for the quarter was up 15.6% compared to the same quarter last year. On average, research analysts forecast that Embraer S.A. will post 1.49 EPS for the current fiscal year.

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.