Embraer S.A. (NYSE:ERJ) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC reduced its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 15.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,208 shares of the aerospace company's stock after selling 19,001 shares during the period. Embraer accounts for about 1.4% of Congress Park Capital LLC's investment portfolio, making the stock its 23rd largest position. Congress Park Capital LLC owned about 0.06% of Embraer worth $3,721,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Brendel Financial Advisors LLC acquired a new stake in shares of Embraer during the 3rd quarter worth $202,000. SteelPeak Wealth LLC purchased a new position in shares of Embraer in the 2nd quarter worth about $443,000. SG Americas Securities LLC purchased a new position in shares of Embraer in the 2nd quarter worth about $2,458,000. Atria Investments Inc purchased a new stake in shares of Embraer during the 1st quarter worth about $1,671,000. Finally, Blue Trust Inc. increased its position in Embraer by 35.7% during the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company's stock worth $313,000 after purchasing an additional 3,091 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America reaffirmed a "buy" rating and set a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. TD Cowen raised shares of Embraer from a "hold" rating to a "buy" rating and upped their price target for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research note on Tuesday, July 23rd. Finally, UBS Group increased 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.50.

Embraer Stock Down 3.3 %

ERJ stock traded down $1.11 during mid-day trading on Friday, hitting $32.48. 1,372,509 shares of the company were exchanged, compared to its average volume of 1,654,417. The firm has a fifty day simple moving average of $33.43 and a 200 day simple moving average of $29.55. 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 twelve month low of $13.31 and a twelve month high of $37.30.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Equities research analysts expect that Embraer S.A. will post 1.6 EPS for the current 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.