Toroso Investments LLC Increases Position in Embraer S.A. (NYSE:ERJ)

Toroso Investments LLC boosted its stake in shares of Embraer S.A. (NYSE:ERJ) by 60.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,734 shares of the aerospace company’s stock after acquiring an additional 29,732 shares during the period. Toroso Investments LLC’s holdings in Embraer were worth $1,289,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in Embraer by 16.5% during the first quarter. Ameriprise Financial Inc. now owns 13,005 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 1,846 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Embraer by 12.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 29,474 shares of the aerospace company’s stock valued at $482,000 after acquiring an additional 3,370 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Embraer during the first quarter valued at $349,000. Atlas Capital Advisors LLC grew its stake in Embraer by 427.0% during the first quarter. Atlas Capital Advisors LLC now owns 23,207 shares of the aerospace company’s stock valued at $380,000 after acquiring an additional 18,803 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Embraer by 705.5% during the first quarter. Jane Street Group LLC now owns 306,299 shares of the aerospace company’s stock valued at $5,014,000 after acquiring an additional 268,272 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Up 0.5 %

Shares of ERJ opened at $14.66 on Monday. Embraer S.A. has a 1-year low of $8.52 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.52 and a quick ratio of 0.81. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -27.66, a PEG ratio of 1.15 and a beta of 1.31. The company has a 50-day moving average of $15.06 and a 200 day moving average of $15.14.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Monday, August 14th. The aerospace company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.12 by $0.20. Embraer had a negative net margin of 1.97% and a positive return on equity of 1.32%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.16 billion. On average, research analysts expect that Embraer S.A. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ERJ shares. StockNews.com raised shares of Embraer from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Citigroup lifted their price objective on shares of Embraer from $15.75 to $16.50 in a research note on Tuesday, June 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.17.

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.