U S Global Investors Inc. Lowers Stake in Embraer S.A. (NYSE:ERJ)

U S Global Investors Inc. reduced its stake in shares of Embraer S.A. (NYSE:ERJ) by 49.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,771 shares of the aerospace company’s stock after selling 138,018 shares during the quarter. U S Global Investors Inc. owned approximately 0.08% of Embraer worth $4,944,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ERJ. PNC Financial Services Group Inc. purchased a new stake in Embraer in the fourth quarter worth about $30,000. Sunbelt Securities Inc. acquired a new stake in Embraer in the 2nd quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer during the second quarter worth $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in Embraer during the 2nd quarter worth about $55,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Down 2.1 %

Shares of NYSE ERJ traded down $0.75 during mid-day trading on Tuesday, reaching $34.57. 96,899 shares of the company’s stock were exchanged, compared to its average volume of 1,637,397. Embraer S.A. has a 52-week low of $13.56 and a 52-week high of $37.30. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 24.53 and a beta of 1.69. The company’s 50-day moving average is $34.04 and its 200-day moving average is $29.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ERJ shares. Bank of America reissued a “buy” rating and set a $40.00 target price on shares of Embraer in a report on Tuesday, September 17th. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, UBS Group raised 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and an average target price of $34.86.

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.