U S Global Investors Inc. Sells 138,018 Shares of Embraer S.A. (NYSE:ERJ)

U S Global Investors Inc. lessened its position in Embraer S.A. (NYSE:ERJ - Free Report) by 49.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,771 shares of the aerospace company's stock after selling 138,018 shares during the period. U S Global Investors Inc. owned 0.08% of Embraer worth $4,944,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ERJ. PNC Financial Services Group Inc. bought a new stake in Embraer in the 4th quarter worth $30,000. Sunbelt Securities Inc. bought a new stake in shares of Embraer during the 2nd quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Embraer during the 2nd quarter valued at about $44,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Embraer during the 2nd quarter valued at about $55,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Embraer by 25.0% during the 2nd 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ERJ shares. UBS Group lifted their target price on shares of Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, July 3rd. TD Cowen raised shares of Embraer from a "hold" rating to a "buy" rating and lifted their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America reaffirmed a "buy" rating and set a $40.00 target price on shares of Embraer in a research note on Tuesday, September 17th. Finally, StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.86.

Embraer Stock Down 0.8 %

NYSE ERJ traded down $0.29 during trading hours on Tuesday, reaching $35.03. 1,223,803 shares of the company's stock traded hands, compared to its average volume of 1,642,921. Embraer S.A. has a 52-week low of $13.56 and a 52-week high of $37.30. The firm has a market cap of $6.43 billion, a PE ratio of 24.01 and a beta of 1.69. The firm has a 50-day simple moving average of $34.12 and a 200 day simple moving average of $29.96. 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 (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. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business's revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Sell-side analysts anticipate that Embraer S.A. will post 1.6 EPS for the current fiscal year.

Embraer Profile

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.