Perpetual Ltd Has $9.50 Million Holdings in Embraer S.A. (NYSE:ERJ)

Perpetual Ltd trimmed its position in Embraer S.A. (NYSE:ERJ) by 16.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,451 shares of the aerospace company’s stock after selling 54,424 shares during the quarter. Perpetual Ltd’s holdings in Embraer were worth $9,495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its stake in shares of Embraer by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after buying an additional 385 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Embraer by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after purchasing an additional 390 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares during the period. Marcum Wealth LLC boosted its holdings in Embraer by 5.4% during the third quarter. Marcum Wealth LLC now owns 10,537 shares of the aerospace company’s stock valued at $373,000 after purchasing an additional 537 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its stake in shares of Embraer by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock valued at $277,000 after purchasing an additional 652 shares during the period. 34.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on ERJ shares. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $41.00 in a research note 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. Bank of America restated a “buy” rating and issued a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. Finally, UBS Group increased their price target on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.50.

Embraer Trading Up 1.2 %

Shares of NYSE ERJ opened at $33.59 on Friday. Embraer S.A. has a fifty-two week low of $13.31 and a fifty-two week high of $37.30. The firm has a market capitalization of $6.17 billion, a P/E ratio of 23.32 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66. The company’s 50 day simple moving average is $33.43 and its 200 day simple moving average is $29.55.

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 the consensus estimate of $0.24 by $0.20. Embraer had a return on equity of 5.94% and a net margin of 6.76%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.32 EPS. The firm’s revenue was up 15.6% on a year-over-year basis. On average, analysts predict that Embraer S.A. will post 1.49 EPS for the current 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.