Custom Index Systems LLC Has $440,000 Stake in Embraer S.A. (NYSE:ERJ)

Custom Index Systems LLC cut its position in shares of Embraer S.A. (NYSE:ERJ) by 6.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,988 shares of the aerospace company’s stock after selling 823 shares during the quarter. Custom Index Systems LLC’s holdings in Embraer were worth $440,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ERJ. Brendel Financial Advisors LLC acquired a new position in Embraer in the third quarter valued at approximately $202,000. Stifel Financial Corp lifted its position in shares of Embraer by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after acquiring an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Embraer during the 3rd quarter valued at $10,611,000. Thrivent Financial for Lutherans bought a new position in Embraer during the third quarter worth $981,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Embraer in the fourth quarter worth $384,000. Institutional investors own 34.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ERJ. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Stock Up 0.1 %

ERJ stock opened at $41.00 on Friday. The firm has a market capitalization of $7.53 billion, a PE ratio of 15.07 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a twelve month low of $17.19 and a twelve month high of $41.90. The stock’s 50 day moving average is $38.06 and its 200-day moving average is $35.16.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.92. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.63 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. During the same period in the previous year, the firm earned $0.18 EPS. Sell-side analysts expect that Embraer S.A. will post 2.06 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.