Vontobel Holding Ltd. Takes $354,000 Position in Embraer S.A. (NYSE:ERJ)

Vontobel Holding Ltd. acquired a new position in Embraer S.A. (NYSE:ERJ) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 10,000 shares of the aerospace company’s stock, valued at approximately $354,000.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Embraer in the 4th quarter worth about $30,000. Sunbelt Securities Inc. bought a new stake in Embraer during the 2nd quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Embraer during the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter valued at about $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Performance

Shares of ERJ opened at $35.03 on Wednesday. The company has a 50-day moving average of $34.12 and a two-hundred day moving average of $29.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. Embraer S.A. has a one year low of $13.56 and a one year high of $37.30. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 24.33 and a beta of 1.69.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. On average, equities research analysts expect that Embraer S.A. will post 1.6 earnings per share for the current year.

Analysts Set New Price Targets

ERJ has been the subject of several recent analyst reports. TD Cowen upgraded shares of 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 report on Wednesday, September 4th. Bank of America reiterated a “buy” rating and issued a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. UBS Group raised their price objective on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.86.

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.