Cetera Investment Advisers Raises Stock Position in Embraer S.A. (NYSE:ERJ)

Cetera Investment Advisers boosted its position in shares of Embraer S.A. (NYSE:ERJ) by 30.4% during the second quarter, Holdings Channel.com reports. The firm owned 58,457 shares of the aerospace company’s stock after buying an additional 13,611 shares during the quarter. Cetera Investment Advisers’ holdings in Embraer were worth $1,508,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Embraer by 6.4% in the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock valued at $59,450,000 after acquiring an additional 137,695 shares during the period. Renaissance Technologies LLC grew its holdings in Embraer by 13.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after acquiring an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in Embraer by 102.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after acquiring an additional 728,592 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Embraer by 8.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after acquiring an additional 59,084 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Embraer by 76.5% in the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after buying an additional 308,729 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group upped their price objective on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Bank of America restated a “buy” rating and set a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. Finally, TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer Stock Performance

Shares of ERJ opened at $32.47 on Wednesday. The company has a market capitalization of $5.96 billion, a PE ratio of 22.55 and a beta of 1.69. Embraer S.A. has a 52-week low of $13.56 and a 52-week high of $37.30. The company has a 50-day simple moving average of $33.75 and a 200-day simple moving average of $29.72. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. Equities research analysts predict that Embraer S.A. will post 1.6 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.