U.S. Capital Wealth Advisors LLC Takes Position in Embraer S.A. (NYSE:ERJ)

U.S. Capital Wealth Advisors LLC purchased a new stake in Embraer S.A. (NYSE:ERJ) during the 4th quarter, HoldingsChannel reports. The fund purchased 11,973 shares of the aerospace company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ERJ. Allworth Financial LP bought a new stake in shares of Embraer in the third quarter valued at approximately $26,000. Advisors Preferred LLC bought a new stake in shares of Embraer in the fourth quarter valued at approximately $28,000. Bruce G. Allen Investments LLC bought a new stake in shares of Embraer in the fourth quarter valued at approximately $47,000. Blue Trust Inc. raised its position in shares of Embraer by 189.6% in the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 1,678 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in Embraer by 19.8% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,390 shares of the aerospace company’s stock valued at $73,000 after acquiring an additional 890 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. HSBC cut shares of Embraer from a “buy” rating to a “hold” rating and boosted their price objective for the company from $18.00 to $19.00 in a research note on Tuesday, February 6th. Morgan Stanley boosted their price objective on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. UBS Group reaffirmed a “neutral” rating and set a $28.50 price objective (up previously from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.75.

Embraer Trading Down 0.7 %

ERJ stock opened at $26.38 on Thursday. Embraer S.A. has a one year low of $12.48 and a one year high of $27.47. The firm has a 50 day simple moving average of $24.61 and a two-hundred day simple moving average of $19.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.15. Embraer had a net margin of 3.11% and a return on equity of 2.80%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $2.21 billion. On average, sell-side analysts anticipate that Embraer S.A. will post 1.36 EPS for the current year.

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.