Artemis Investment Management LLP acquired a new stake in Embraer S.A. (NYSE:ERJ - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 858,286 shares of the aerospace company's stock, valued at approximately $30,358,000. Artemis Investment Management LLP owned 0.47% of Embraer at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ERJ. Quent Capital LLC grew its position in Embraer by 380.0% during the third quarter. Quent Capital LLC now owns 24,000 shares of the aerospace company's stock worth $857,000 after buying an additional 19,000 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Embraer during the second quarter worth about $2,011,000. Cetera Investment Advisers increased its position in shares of Embraer by 30.4% in the second quarter. Cetera Investment Advisers now owns 58,457 shares of the aerospace company's stock worth $1,508,000 after purchasing an additional 13,611 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Embraer in the second quarter worth approximately $41,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock valued at $59,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 34.65% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on ERJ. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Tuesday, July 23rd. Bank of America reissued a "buy" rating and issued a $40.00 target price on shares of Embraer in a research note on Tuesday, September 17th. UBS Group lifted their price target on Embraer from $28.50 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 3rd. Finally, TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and increased their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.50.
View Our Latest Research Report on ERJ
Embraer Trading Down 1.3 %
ERJ stock traded down $0.42 during trading on Wednesday, hitting $33.17. 1,150,135 shares of the company traded hands, compared to its average volume of 1,658,306. The company has a 50-day moving average of $33.35 and a 200-day moving average of $29.52. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. Embraer S.A. has a 1 year low of $13.30 and a 1 year high of $37.30. The firm has a market capitalization of $6.09 billion, a PE ratio of 23.03 and a beta of 1.69.
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, topping the consensus estimate of $0.24 by $0.20. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The firm had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the business 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 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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