LVW Advisors LLC Has $365,000 Stock Position in Embraer S.A. (NYSE:ERJ)

LVW Advisors LLC raised its position in Embraer S.A. (NYSE:ERJ) by 3.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,320 shares of the aerospace company’s stock after acquiring an additional 340 shares during the period. LVW Advisors LLC’s holdings in Embraer were worth $365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased 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 in the last quarter. Renaissance Technologies LLC increased its holdings in Embraer by 13.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after purchasing an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Embraer by 102.5% in the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Embraer during the third quarter valued at approximately $30,358,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Embraer by 8.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after buying an additional 59,084 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Down 3.3 %

Embraer stock opened at $32.48 on Friday. 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 has a 50-day simple moving average of $33.53 and a 200 day simple moving average of $29.59. Embraer S.A. has a 52 week low of $13.31 and a 52 week high of $37.30.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, topping 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 company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the business earned $0.32 earnings per share. Embraer’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, sell-side analysts predict that Embraer S.A. will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on ERJ shares. UBS Group boosted their price objective on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Bank of America reissued a “buy” rating and set a $40.00 target price on shares of Embraer in a research report on Tuesday, September 17th. Finally, TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Embraer Company 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.