Embraer S.A. (NYSE:ERJ) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. reduced its position in Embraer S.A. (NYSE:ERJ) by 49.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 139,771 shares of the aerospace company’s stock after selling 138,018 shares during the quarter. U S Global Investors Inc.’s holdings in Embraer were worth $4,944,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research firms recently issued reports on ERJ. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Bank of America reissued a “buy” rating and set a $40.00 target price on shares of Embraer in a research report on Tuesday, September 17th. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, UBS Group increased their target price 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 five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.86.

Embraer Stock Performance

Shares of NYSE:ERJ traded down $0.75 during trading on Tuesday, hitting $34.57. 96,899 shares of the stock were exchanged, compared to its average volume of 1,637,397. The company’s fifty day simple moving average is $34.04 and its 200-day simple moving average is $29.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 24.53 and a beta of 1.69. Embraer S.A. has a 1-year low of $13.56 and a 1-year high of $37.30.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Sell-side analysts expect that Embraer S.A. will post 1.6 EPS for the current fiscal year.

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.