Embraer S.A. (NYSE:ERJ) Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 85.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,330 shares of the aerospace company's stock after selling 80,960 shares during the quarter. SG Americas Securities LLC's holdings in Embraer were worth $507,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new position in shares of Embraer in the 4th quarter valued at $30,000. Sunbelt Securities Inc. acquired a new stake in Embraer in the 2nd quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Embraer in the second quarter valued at about $44,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Embraer during the second quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 456 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Stock Up 6.3 %

NYSE:ERJ traded up $2.05 during mid-day trading on Wednesday, reaching $34.52. The stock had a trading volume of 1,770,879 shares, compared to its average volume of 1,650,951. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 23.81 and a beta of 1.69. Embraer S.A. has a 1-year low of $13.56 and a 1-year high of $37.30. The stock's 50 day simple moving average is $33.75 and its two-hundred day simple moving average is $29.72.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the business earned $0.32 EPS. The business's quarterly revenue was up 15.6% on a year-over-year basis. Equities analysts anticipate that Embraer S.A. will post 1.6 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ERJ. Bank of America reiterated a "buy" rating and set a $40.00 target price on shares of Embraer in a report on Tuesday, September 17th. StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research note on Tuesday, July 23rd. UBS Group lifted their price target on shares of 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 raised shares of Embraer from a "hold" rating to a "buy" rating and upped their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Embraer has an average 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.