Embraer S.A. (NYSE:ERJ) Sees Significant Decrease in Short Interest

Embraer S.A. (NYSE:ERJ) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,470,000 shares, a drop of 5.2% from the May 15th total of 3,660,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 2,000,000 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Embraer

Institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Embraer by 6.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 17,525 shares of the aerospace company’s stock valued at $323,000 after purchasing an additional 1,070 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Embraer by 2.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 44,535 shares of the aerospace company’s stock valued at $1,186,000 after purchasing an additional 1,139 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Embraer by 33.2% in the 1st quarter. Advisors Asset Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $149,000 after purchasing an additional 1,394 shares during the period. Advisors Preferred LLC acquired a new position in shares of Embraer in the 4th quarter valued at about $28,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Embraer in the 4th quarter valued at about $30,000. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Up 0.1 %

Shares of ERJ opened at $27.76 on Tuesday. Embraer has a 52-week low of $12.48 and a 52-week high of $31.12. The business’s fifty day moving average is $27.20 and its 200-day moving average is $22.49. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.05. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The company had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. As a group, analysts forecast that Embraer will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ERJ shares. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. JPMorgan Chase & Co. lifted their price target on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Morgan Stanley lifted their price target on Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. UBS Group reissued a “neutral” rating and set a $28.50 price target (up from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group lifted their price objective on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.75.

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.