AGF Management Ltd. Boosts Stock Holdings in Embraer S.A. (NYSE:ERJ)

AGF Management Ltd. lifted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,425 shares of the aerospace company’s stock after buying an additional 30,844 shares during the quarter. AGF Management Ltd. owned about 0.27% of Embraer worth $12,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in shares of Embraer during the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Embraer during the 2nd quarter worth about $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter worth about $55,000. Montag A & Associates Inc. grew its holdings in Embraer by 221.7% during the 1st quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,811 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of Embraer during the second quarter valued at about $71,000. 34.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ERJ has been the subject of several recent analyst reports. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Bank of America upped their price target 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, 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer Trading Up 1.9 %

NYSE ERJ opened at $34.82 on Thursday. The stock’s 50-day simple moving average is $30.92 and its two-hundred day simple moving average is $27.70. Embraer S.A. has a twelve month low of $12.48 and a twelve month high of $36.02. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 24.18 and a beta of 1.69.

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

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.