Capital Wealth Planning LLC Trims Position in Embraer S.A. (NYSE:ERJ)

Capital Wealth Planning LLC cut its holdings in shares of Embraer S.A. (NYSE:ERJ) by 10.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 90,068 shares of the aerospace company’s stock after selling 10,820 shares during the period. Capital Wealth Planning LLC’s holdings in Embraer were worth $2,324,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in Embraer in the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Embraer in the second quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new stake in Embraer in the second quarter worth $55,000. Montag A & Associates Inc. raised its stake in shares of Embraer by 221.7% in the first quarter. Montag A & Associates Inc. now owns 2,628 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,811 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in shares of Embraer in the second quarter worth $71,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ERJ has been the subject of several recent analyst reports. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America upped their price target on Embraer from $28.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, UBS Group increased their price target on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.50.

Embraer Trading Up 2.5 %

Shares of NYSE ERJ opened at $36.95 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. The business’s 50 day moving average price is $31.32 and its 200-day moving average price is $28.01. Embraer S.A. has a fifty-two week low of $12.48 and a fifty-two week high of $37.26. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 25.66 and a beta of 1.69.

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

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.