24,746 Shares in Embraer S.A. (NYSE:ERJ) Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC bought a new position in shares of Embraer S.A. (NYSE:ERJ) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,746 shares of the aerospace company’s stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new position in shares of Embraer during the second quarter worth about $27,000. Advisors Asset Management Inc. acquired a new stake in shares of Embraer in the first quarter valued at approximately $60,000. Rockefeller Capital Management L.P. lifted its position in shares of Embraer by 461.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 6,073 shares of the aerospace company’s stock worth $66,000 after purchasing an additional 4,991 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Embraer during the second quarter worth $68,000. Finally, Tower Research Capital LLC TRC grew its position in Embraer by 268.3% in the third quarter. Tower Research Capital LLC TRC now owns 13,126 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 9,562 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Up 0.3 %

Shares of ERJ opened at $16.16 on Friday. The firm has a 50-day moving average of $14.29 and a 200-day moving average of $14.78. Embraer S.A. has a one year low of $9.70 and a one year high of $17.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.65 and a quick ratio of 0.80.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Monday, August 14th. The aerospace company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.20. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Embraer had a positive return on equity of 1.62% and a negative net margin of 0.11%. Sell-side analysts anticipate that Embraer S.A. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Citigroup raised Embraer from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Monday, October 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.10.

About Embraer

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.