Embraer S.A. (NYSE:ERJ) Shares Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC increased its stake in Embraer S.A. (NYSE:ERJ) by 102.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,439,579 shares of the aerospace company’s stock after acquiring an additional 728,592 shares during the period. Driehaus Capital Management LLC’s holdings in Embraer were worth $37,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new position in shares of Embraer in the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Embraer in the second quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in Embraer in the second quarter valued at approximately $55,000. Montag A & Associates Inc. grew its position in Embraer by 221.7% in the first quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,811 shares in the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Embraer during the 2nd quarter worth $71,000. 34.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, Bank of America reiterated a “buy” rating and set a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Embraer Trading Down 3.3 %

ERJ stock opened at $35.70 on Friday. Embraer S.A. has a 1-year low of $12.48 and a 1-year high of $37.30. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $32.61 and its 200-day moving average is $28.92. The firm has a market cap of $6.56 billion, a P/E ratio of 24.79 and a beta of 1.69.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts anticipate that Embraer S.A. will post 1.49 earnings per share for the current fiscal year.

About Embraer

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.