Diversify Advisory Services LLC Sells 20,967 Shares of Embraer S.A. (NYSE:ERJ)

Diversify Advisory Services LLC trimmed its stake in Embraer S.A. (NYSE:ERJ) by 62.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,610 shares of the aerospace company’s stock after selling 20,967 shares during the period. Diversify Advisory Services LLC’s holdings in Embraer were worth $325,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Embraer in the 2nd quarter worth $2,458,000. Southland Equity Partners LLC bought a new position in shares of Embraer in the 2nd quarter worth $271,000. U.S. Capital Wealth Advisors LLC raised its position in shares of Embraer by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock worth $277,000 after acquiring an additional 652 shares in the last quarter. Quent Capital LLC bought a new position in shares of Embraer in the 2nd quarter worth $129,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Embraer in the 2nd quarter worth $44,000. 34.65% of the stock is owned by institutional investors.

Embraer Stock Performance

Embraer stock traded up $1.30 during trading hours on Friday, hitting $31.22. 1,957,293 shares of the stock traded hands, compared to its average volume of 1,712,456. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71. The firm’s 50 day moving average price is $28.35 and its 200-day moving average price is $25.26. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 21.68 and a beta of 1.71. Embraer S.A. has a 1 year low of $12.48 and a 1 year high of $31.40.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. As a group, equities analysts expect that Embraer S.A. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

ERJ has been the topic of several research analyst reports. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. UBS Group boosted their target price on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Embraer presently has a consensus 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.