Artemis Investment Management LLP Takes $30.36 Million Position in Embraer S.A. (NYSE:ERJ)

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.

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

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.