Embraer S.A. (NYSE:ERJ) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC cut its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 44.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ERJ. PNC Financial Services Group Inc. purchased a new stake in Embraer during the fourth quarter worth $30,000. Sunbelt Securities Inc. purchased a new position in shares of Embraer in the 2nd quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Embraer in the 2nd quarter valued at about $44,000. Ashton Thomas Private Wealth LLC purchased a new position in Embraer during the second quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after purchasing an additional 456 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of NYSE:ERJ traded down $0.51 during midday trading on Wednesday, hitting $34.20. The company's stock had a trading volume of 1,253,049 shares, compared to its average volume of 1,625,835. Embraer S.A. has a 12-month low of $13.62 and a 12-month high of $37.30. The company has a market cap of $6.28 billion, a P/E ratio of 16.69 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The business's 50 day simple moving average is $34.40 and its 200 day simple moving average is $30.35.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.20. The business 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%. The business's revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, analysts forecast that Embraer S.A. will post 1.6 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and increased their target price for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research report on Tuesday, July 23rd. UBS Group boosted their target price 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, 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.