Asset Dedication LLC Acquires New Position in Embraer S.A. (NYSE:ERJ)

Asset Dedication LLC acquired a new stake in shares of Embraer S.A. (NYSE:ERJ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,750 shares of the aerospace company’s stock, valued at approximately $71,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ERJ. Simplicity Wealth LLC purchased a new position in Embraer in the 1st quarter worth approximately $18,158,000. TimesSquare Capital Management LLC purchased a new position in shares of Embraer in the first quarter worth $10,754,000. Jennison Associates LLC bought a new position in shares of Embraer during the first quarter valued at $9,818,000. Perpetual Ltd lifted its holdings in shares of Embraer by 88.4% during the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock valued at $16,614,000 after purchasing an additional 292,630 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Embraer during the fourth quarter valued at $4,662,000. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of NYSE ERJ opened at $34.37 on Tuesday. Embraer S.A. has a 12-month low of $12.48 and a 12-month high of $36.02. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 23.87 and a beta of 1.69. 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 firm has a 50 day moving average of $30.60 and a 200 day moving average of $27.54.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. During the same quarter in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, research analysts anticipate that Embraer S.A. will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ERJ shares. UBS Group boosted their target price on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. 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 raised their target price on shares of Embraer from $28.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.50.

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.