Lbp Am Sa Sells 15,500 Shares of Embraer S.A. (NYSE:ERJ)

Lbp Am Sa lowered its stake in shares of Embraer S.A. (NYSE:ERJ) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,500 shares of the aerospace company’s stock after selling 15,500 shares during the quarter. Lbp Am Sa owned about 0.06% of Embraer worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in Embraer in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new position in shares of Embraer in the 4th quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in Embraer by 189.6% in the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares in the last quarter. Montag A & Associates Inc. grew its position in Embraer by 221.7% during the 1st quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,811 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Embraer by 33.2% in the first quarter. Advisors Asset Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $149,000 after buying an additional 1,394 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Down 5.3 %

ERJ traded down $1.66 on Thursday, reaching $29.40. The stock had a trading volume of 1,542,933 shares, compared to its average volume of 1,688,691. The business’s 50-day moving average price is $28.37 and its two-hundred day moving average price is $24.72. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.83. Embraer S.A. has a 12-month low of $12.48 and a 12-month high of $31.40.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $896.60 million for the quarter, compared to the consensus estimate of $883.92 million. Embraer had a return on equity of 5.35% and a net margin of 4.84%. Equities research analysts expect that Embraer S.A. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group boosted their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.83.

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.