Diversify Wealth Management LLC Boosts Holdings in Embraer S.A. (NYSE:ERJ)

Diversify Wealth Management LLC boosted its stake in Embraer S.A. (NYSE:ERJ) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,664 shares of the aerospace company’s stock after purchasing an additional 1,614 shares during the period. Diversify Wealth Management LLC’s holdings in Embraer were worth $1,136,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in Embraer in the fourth quarter worth about $30,000. Sunbelt Securities Inc. bought a new stake in Embraer in the second quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Embraer in the second quarter worth about $44,000. Ashton Thomas Private Wealth LLC bought a new stake in Embraer in the second quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 456 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Embraer stock opened at $34.20 on Thursday. The firm’s 50 day simple moving average is $34.43 and its 200 day simple moving average is $30.38. 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 market capitalization of $6.28 billion, a PE ratio of 16.44 and a beta of 1.69. Embraer S.A. has a 1-year low of $13.62 and a 1-year high of $37.30.

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

Wall Street Analyst Weigh In

Several analysts have commented on ERJ shares. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group boosted their price target on shares of Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 3rd. TD Cowen raised shares of 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 report on Wednesday, September 4th. Finally, Bank of America reissued a “buy” rating and issued a $40.00 price target on shares of Embraer in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.86.

Embraer Company 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.