Embraer S.A. (NYSE:ERJ) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in shares of Embraer S.A. (NYSE:ERJ) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,156 shares of the aerospace company’s stock after purchasing an additional 1,398 shares during the period. Blue Trust Inc.’s holdings in Embraer were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of Embraer by 6.4% during the second 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 last quarter. Renaissance Technologies LLC increased its position in shares of Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after purchasing an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Artemis Investment Management LLP purchased a new position in Embraer in the 3rd quarter valued at $30,358,000. Finally, Allspring Global Investments Holdings LLC boosted its stake 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 purchasing an additional 59,084 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ERJ has been the subject of a number of recent research reports. TD Cowen upgraded shares of 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 report on Wednesday, September 4th. UBS Group upped their price target on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. 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. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.86.

Embraer Stock Performance

Shares of Embraer stock opened at $35.03 on Wednesday. The firm has a market cap of $6.43 billion, a PE ratio of 24.33 and a beta of 1.69. 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 S.A. has a 52 week low of $13.56 and a 52 week high of $37.30. The business’s fifty day simple moving average is $34.12 and its 200-day simple moving average is $29.96.

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

Embraer Company 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.