Deltec Asset Management LLC Decreases Stock Position in Embraer S.A. (NYSE:ERJ)

Deltec Asset Management LLC lowered its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 44.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,800 shares of the aerospace company's stock after selling 74,950 shares during the period. Deltec Asset Management LLC owned about 0.05% of Embraer worth $3,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brendel Financial Advisors LLC acquired a new position in shares of Embraer during the 3rd quarter worth approximately $202,000. SteelPeak Wealth LLC purchased a new position in Embraer in the 2nd quarter valued at about $443,000. SG Americas Securities LLC acquired a new stake in shares of Embraer during the 2nd quarter worth about $2,458,000. Atria Investments Inc acquired a new position in shares of Embraer in the first quarter valued at approximately $1,671,000. Finally, Blue Trust Inc. lifted its stake in shares of Embraer by 35.7% during the second quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company's stock valued at $313,000 after buying an additional 3,091 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Price Performance

Embraer stock opened at $34.71 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $6.37 billion, a P/E ratio of 16.69 and a beta of 1.69. The firm has a fifty day moving average of $34.40 and a 200-day moving average of $30.35. 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 data 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. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. Embraer's quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. As a group, analysts predict that Embraer S.A. will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Embraer from $28.50 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, July 3rd. StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research note 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 report on Tuesday, September 17th. Finally, 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.86.

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.

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