B. Riley Wealth Advisors Inc. Sells 19,444 Shares of Embraer S.A. (NYSE:ERJ)

B. Riley Wealth Advisors Inc. lessened its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 51.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,120 shares of the aerospace company's stock after selling 19,444 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Embraer were worth $467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in shares of Embraer during the fourth quarter valued at about $30,000. Sunbelt Securities Inc. acquired a new stake in shares of Embraer during the second quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Embraer in the second quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Embraer in the second quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after acquiring an additional 456 shares during the period. Institutional investors own 34.65% of the company's stock.

Embraer Stock Down 0.4 %

Embraer stock traded down $0.15 during trading on Monday, hitting $33.78. 1,135,242 shares of the company were exchanged, compared to its average volume of 1,662,432. The business's 50 day moving average is $33.15 and its 200 day moving average is $29.39. Embraer S.A. has a 52 week low of $12.76 and a 52 week high of $37.30. The company has a market capitalization of $6.20 billion, a P/E ratio of 23.47 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.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share 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 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 earned $0.32 earnings per share. The business's revenue was up 15.6% on a year-over-year basis. Analysts predict that Embraer S.A. will post 1.49 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ERJ shares. Bank of America reiterated a "buy" rating and issued a $40.00 target price on shares of Embraer in a report on Tuesday, September 17th. 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 report on Wednesday, September 4th. UBS Group boosted their price objective on Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, July 3rd. Finally, StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.50.

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.