Envestnet Asset Management Inc. Sells 40,497 Shares of Embraer S.A. (NYSE:ERJ)

Envestnet Asset Management Inc. lessened its holdings in Embraer S.A. (NYSE:ERJ) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,511 shares of the aerospace company’s stock after selling 40,497 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Embraer worth $5,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in Embraer by 2.2% during the 4th quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock worth $8,586,000 after purchasing an additional 9,809 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Embraer in the 4th quarter valued at about $772,000. AdvisorShares Investments LLC purchased a new stake in shares of Embraer in the 4th quarter valued at about $637,000. PNC Financial Services Group Inc. purchased a new stake in shares of Embraer in the 4th quarter valued at about $30,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Embraer in the 4th quarter valued at about $1,879,000. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Down 3.3 %

ERJ opened at $35.72 on Monday. Embraer S.A. has a 12 month low of $12.48 and a 12 month high of $37.30. The stock has a fifty day moving average price of $32.61 and a 200-day moving average price of $29.03. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 24.81 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The business had revenue of $1.49 billion during 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 business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. As a group, equities research analysts anticipate that Embraer S.A. will post 1.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.