Quent Capital LLC Acquires New Shares in Embraer S.A. (NYSE:ERJ)

Quent Capital LLC acquired a new stake in shares of Embraer S.A. (NYSE:ERJ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the aerospace company’s stock, valued at approximately $129,000.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Embraer by 8.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 797,646 shares of the aerospace company’s stock worth $21,249,000 after buying an additional 59,084 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Embraer in the first quarter worth about $18,158,000. Perpetual Ltd lifted its position in shares of 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 buying an additional 292,630 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Embraer by 2.2% in the fourth quarter. Wells Fargo & Company MN now owns 465,345 shares of the aerospace company’s stock worth $8,586,000 after buying an additional 9,809 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new stake in shares of Embraer in the first quarter worth about $10,754,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ERJ shares. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group boosted their price objective on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.83.

Embraer Stock Performance

ERJ traded up $0.13 on Tuesday, hitting $27.23. 1,996,313 shares of the stock traded hands, compared to its average volume of 1,703,593. Embraer S.A. has a 52 week low of $12.48 and a 52 week high of $31.40. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $5.00 billion, a PE ratio of 18.91 and a beta of 1.71. The business has a fifty day moving average price of $28.27 and a two-hundred day moving average price of $25.06.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.05. Embraer had a return on equity of 5.35% and a net margin of 4.84%. The firm had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. On average, research analysts predict that Embraer S.A. will post 1.3 EPS for the current fiscal year.

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.