Claro Advisors LLC Acquires Shares of 10,508 Embraer S.A. (NYSE:ERJ)

Claro Advisors LLC bought a new position in Embraer S.A. (NYSE:ERJFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,508 shares of the aerospace company’s stock, valued at approximately $280,000.

A number of other institutional investors have also recently made changes to their positions in the company. Capital Wealth Planning LLC purchased a new stake in Embraer during the 4th quarter valued at $919,000. Dfpg Investments LLC increased its holdings in Embraer by 8.0% in the 4th quarter. Dfpg Investments LLC now owns 30,969 shares of the aerospace company’s stock worth $542,000 after buying an additional 2,284 shares in the last quarter. Ritholtz Wealth Management raised its position in Embraer by 21.7% in the 4th quarter. Ritholtz Wealth Management now owns 14,851 shares of the aerospace company’s stock worth $274,000 after buying an additional 2,645 shares during the last quarter. Citigroup Inc. lifted its stake in Embraer by 18.9% during the 3rd quarter. Citigroup Inc. now owns 62,876 shares of the aerospace company’s stock valued at $863,000 after acquiring an additional 10,014 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Embraer by 40.2% during the 4th quarter. BNP Paribas Financial Markets now owns 147,185 shares of the aerospace company’s stock valued at $2,716,000 after acquiring an additional 42,190 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Trading Up 0.9 %

Shares of ERJ opened at $26.04 on Tuesday. The business has a 50-day simple moving average of $27.70 and a two-hundred day simple moving average of $23.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.51. Embraer S.A. has a 52 week low of $12.48 and a 52 week high of $31.12.

Embraer (NYSE:ERJGet Free Report) last released its earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.05. Embraer had a net margin of 4.84% and a return on equity of 5.35%. The company had revenue of $896.60 million during the quarter, compared to analyst estimates of $883.92 million. As a group, analysts predict that Embraer S.A. will post 1.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ERJ shares. The Goldman Sachs Group increased their price objective on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley raised their price target on Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. JPMorgan Chase & Co. upped their price objective on Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. UBS Group reissued a “neutral” rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. Finally, StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

Read Our Latest Research Report on Embraer

Embraer Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ERJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Embraer S.A. (NYSE:ERJFree Report).

Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

Receive News & Ratings for Embraer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer and related companies with MarketBeat.com's FREE daily email newsletter.