Signaturefd LLC Acquires 414 Shares of Embraer S.A. (NYSE:ERJ)

Signaturefd LLC raised its stake in shares of Embraer S.A. (NYSE:ERJ) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,676 shares of the aerospace company’s stock after acquiring an additional 414 shares during the quarter. Signaturefd LLC’s holdings in Embraer were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in Embraer during the fourth quarter valued at about $30,000. Sunbelt Securities Inc. purchased a new position in shares of Embraer in the 2nd quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Embraer in the 2nd quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Embraer during the 2nd quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted 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 valued at $59,000 after acquiring an additional 456 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of ERJ stock opened at $34.86 on Monday. Embraer S.A. has a fifty-two week low of $13.56 and a fifty-two week high of $37.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The stock’s 50-day simple moving average is $34.32 and its 200-day simple moving average is $30.22.

Embraer (NYSE:ERJ) last issued its quarterly earnings results 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 the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company earned $0.32 EPS. Embraer’s quarterly revenue was up 15.6% on a year-over-year basis. On average, analysts forecast that Embraer S.A. will post 1.6 EPS for the current year.

Wall Street Analysts Forecast Growth

ERJ has been the topic of a number of recent analyst reports. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group upped their target price on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, Bank of America restated a “buy” rating and set a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Embraer has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

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.