SilverOak Wealth Management LLC Has $212,000 Stock Holdings in Embraer S.A. (NYSE:ERJ)

SilverOak Wealth Management LLC reduced its stake in shares of Embraer S.A. (NYSE:ERJ) by 24.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,202 shares of the aerospace company’s stock after selling 2,705 shares during the period. SilverOak Wealth Management LLC’s holdings in Embraer were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. American Century Companies Inc. raised its position in Embraer by 6.4% during the second quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock valued at $59,450,000 after acquiring an additional 137,695 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Embraer by 8.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock valued at $21,249,000 after purchasing an additional 59,084 shares during the last quarter. Perpetual Ltd boosted its holdings in Embraer by 88.4% in the first quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock worth $16,614,000 after purchasing an additional 292,630 shares in the last quarter. Nicholas Investment Partners LP increased its position in Embraer by 424.7% during the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after buying an additional 426,153 shares during the last quarter. Finally, AGF Management Ltd. raised its holdings in Embraer by 6.6% during the second quarter. AGF Management Ltd. now owns 497,425 shares of the aerospace company’s stock valued at $12,834,000 after buying an additional 30,844 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Stock Performance

Embraer stock opened at $36.96 on Friday. The firm has a market capitalization of $6.79 billion, a P/E ratio of 25.67 and a beta of 1.69. The stock has a fifty day moving average price of $31.32 and a two-hundred day moving average price of $27.89. Embraer S.A. has a 52-week low of $12.48 and a 52-week high of $37.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 0.66.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. As a group, analysts anticipate that Embraer S.A. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Embraer from $28.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group boosted their target price on shares of 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 Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, TD Cowen raised Embraer from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Embraer 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.