Dimensional Fund Advisors LP Purchases 101,740 Shares of Embraer SA (ERJ)
Dimensional Fund Advisors LP boosted its position in Embraer SA (NYSE:ERJ) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,439,260 shares of the company’s stock after buying an additional 101,740 shares during the period. Dimensional Fund Advisors LP owned about 0.33% of Embraer SA worth $52,976,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in ERJ. JFS Wealth Advisors LLC increased its stake in Embraer SA by 14.4% in the second quarter. JFS Wealth Advisors LLC now owns 4,998 shares of the company’s stock worth $109,000 after buying an additional 631 shares during the last quarter. Telemus Capital LLC increased its stake in Embraer SA by 17.5% in the second quarter. Telemus Capital LLC now owns 9,332 shares of the company’s stock worth $203,000 after buying an additional 1,388 shares in the last quarter. World Asset Management Inc increased its stake in Embraer SA by 8.1% in the second quarter. World Asset Management Inc now owns 11,454 shares of the company’s stock worth $249,000 after buying an additional 863 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in Embraer SA during the second quarter worth approximately $318,000. Finally, BlackRock Inc. increased its stake in Embraer SA by 3.7% in the first quarter. BlackRock Inc. now owns 13,754 shares of the company’s stock worth $363,000 after buying an additional 497 shares in the last quarter. Institutional investors own 51.93% of the company’s stock.
Embraer SA (NYSE:ERJ) traded down 1.91% on Friday, hitting $17.97. The stock had a trading volume of 1,226,588 shares. Embraer SA has a 52 week low of $17.13 and a 52 week high of $32.50. The stock has a market capitalization of $13.20 billion, a price-to-earnings ratio of 499.17 and a beta of 0.83. The company has a 50-day moving average price of $18.22 and a 200-day moving average price of $20.98.
Embraer SA (NYSE:ERJ) last released its quarterly earnings data on Friday, July 29th. The company reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $1.04. Embraer SA had a net margin of 0.10% and a return on equity of 3.74%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business earned $0.71 EPS. The company’s revenue was down 9.7% compared to the same quarter last year. Equities research analysts anticipate that Embraer SA will post $0.98 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Embraer SA in a report on Thursday. They issued an “overweight” rating for the company. HSBC downgraded Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Monday, August 1st. Drexel Hamilton reiterated a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. Zacks Investment Research downgraded Embraer SA from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Finally, Bank of America Corp. upgraded Embraer SA from a “neutral” rating to a “buy” rating in a report on Thursday, June 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $27.17.
Embraer SA Company Profile
Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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