10,508 Shares in Embraer S.A. (NYSE:ERJ) Acquired by Claro Advisors LLC

Claro Advisors LLC acquired a new stake in Embraer S.A. (NYSE:ERJ) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,508 shares of the aerospace company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new position in shares of Embraer in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new position in Embraer in the 4th quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of Embraer by 189.6% during the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $47,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Embraer by 13.1% in the third quarter. Hsbc Holdings PLC now owns 15,982 shares of the aerospace company’s stock valued at $219,000 after purchasing an additional 1,850 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Shares of ERJ opened at $26.04 on Tuesday. The firm has a 50-day simple moving average of $27.70 and a two-hundred day simple moving average of $23.13. 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 S.A. has a 1-year low of $12.48 and a 1-year high of $31.12.

Embraer (NYSE:ERJ) last posted its earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. Embraer had a net margin of 4.84% and a return on equity of 5.35%. The firm had revenue of $896.60 million during the quarter, compared to the consensus estimate of $883.92 million. On average, analysts anticipate that Embraer S.A. will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

ERJ has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. The Goldman Sachs Group raised their price objective on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group restated a “neutral” rating and set a $28.50 price target (up previously from $21.00) on shares of Embraer in a report on Tuesday, March 26th. Finally, Morgan Stanley upped their price objective on Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.75.

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.