Perpetual Ltd Reduces Holdings in Embraer S.A. (NYSE:ERJ)

Perpetual Ltd lowered its position in Embraer S.A. (NYSE:ERJ) by 16.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 224,149 shares of the aerospace company’s stock after selling 44,302 shares during the quarter. Perpetual Ltd’s holdings in Embraer were worth $8,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Embraer during the second quarter worth about $41,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares during the period. Signaturefd LLC grew its stake in Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after buying an additional 414 shares in the last quarter. Brendel Financial Advisors LLC bought a new stake in Embraer during the 3rd quarter valued at $202,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Embraer during the third quarter worth $242,000. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Up 5.4 %

Shares of NYSE ERJ opened at $41.49 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $37.67 and a 200-day moving average of $34.58. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.25 and a beta of 1.71. Embraer S.A. has a 12 month low of $17.19 and a 12 month high of $41.67.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.92. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the company posted $0.18 EPS. Sell-side analysts expect that Embraer S.A. will post 2.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ERJ has been the subject of several recent research reports. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.43.

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.