Embraer S.A. (NYSE:ERJ) Holdings Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 37.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,439 shares of the aerospace company's stock after selling 253,956 shares during the period. Allspring Global Investments Holdings LLC owned about 0.23% of Embraer worth $15,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Embraer by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company's stock valued at $59,450,000 after purchasing an additional 137,695 shares during the period. Renaissance Technologies LLC boosted its position in shares of Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company's stock worth $42,539,000 after buying an additional 197,600 shares during the period. Driehaus Capital Management LLC increased its position in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock valued at $37,141,000 after acquiring an additional 728,592 shares during the period. Artemis Investment Management LLP acquired a new position in Embraer during the 3rd quarter worth $30,358,000. Finally, Marshall Wace LLP boosted its position in Embraer by 76.5% during the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company's stock worth $18,372,000 after acquiring an additional 308,729 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ERJ. UBS Group lifted their price objective 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. Bank of America reaffirmed a "buy" rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and raised their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $34.86.

Embraer Trading Down 0.2 %

ERJ stock traded down $0.06 during mid-day trading on Friday, reaching $34.86. 1,015,174 shares of the stock traded hands, compared to its average volume of 1,632,395. The stock's fifty day moving average is $34.32 and its 200-day moving average is $30.16. The company has a market cap of $6.40 billion, a P/E ratio of 24.22 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. Embraer S.A. has a 52-week low of $13.56 and a 52-week high of $37.30.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm's quarterly revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Embraer S.A. will post 1.6 earnings per share for the current 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.