Wealth Enhancement Advisory Services LLC Has $615,000 Stock Position in Embraer S.A. (NYSE:ERJ)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Embraer S.A. (NYSE:ERJ) by 82.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,390 shares of the aerospace company’s stock after buying an additional 7,852 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Embraer were worth $615,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brendel Financial Advisors LLC bought a new stake in shares of Embraer during the 3rd quarter worth approximately $202,000. SteelPeak Wealth LLC acquired a new stake in Embraer in the second quarter valued at $443,000. SG Americas Securities LLC bought a new position in shares of Embraer in the 2nd quarter valued at about $2,458,000. Atria Investments Inc acquired a new position in shares of Embraer during the 1st quarter worth about $1,671,000. Finally, Blue Trust Inc. increased its stake in shares of Embraer by 35.7% during the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after purchasing an additional 3,091 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Trading Down 1.1 %

Embraer stock opened at $35.16 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. Embraer S.A. has a 12 month low of $15.16 and a 12 month high of $37.30. The stock’s 50 day moving average is $34.54 and its 200-day moving average is $30.75.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.44 billion. During the same period in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Embraer S.A. will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of research analyst reports. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, Bank of America restated a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.