Embraer S.A. (NYSE:ERJ) Position Reduced by Oldfield Partners LLP

Oldfield Partners LLP cut its holdings in shares of Embraer S.A. (NYSE:ERJ) by 36.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 558,318 shares of the aerospace company’s stock after selling 322,485 shares during the quarter. Embraer makes up approximately 2.7% of Oldfield Partners LLP’s portfolio, making the stock its 8th largest holding. Oldfield Partners LLP’s holdings in Embraer were worth $14,405,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Thoroughbred Financial Services LLC purchased a new stake in Embraer during the second quarter valued at about $255,000. Nicholas Investment Partners LP lifted its holdings in shares of Embraer by 424.7% in the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after buying an additional 426,153 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in shares of Embraer by 22.9% in the second quarter. Beverly Hills Private Wealth LLC now owns 30,225 shares of the aerospace company’s stock worth $780,000 after buying an additional 5,626 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Embraer by 6.4% in the second quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after buying an additional 137,695 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Embraer in the second quarter worth about $1,517,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Up 2.5 %

ERJ stock opened at $36.95 on Monday. Embraer S.A. has a 1-year low of $12.48 and a 1-year high of $37.26. 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 company’s 50 day moving average is $31.32 and its 200 day moving average is $28.01. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 25.66 and a beta of 1.69.

Embraer (NYSE:ERJ) last issued its quarterly 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 15.6% on a year-over-year basis. Sell-side analysts predict that Embraer S.A. will post 1.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Embraer from $28.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their price target for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.