Hsbc Holdings PLC raised its position in shares of Embraer SA (NYSE:ERJ) by 182.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 285,900 shares of the aerospace company’s stock after purchasing an additional 184,700 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Embraer worth $5,601,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Community Financial Services Group LLC increased its position in Embraer by 1.0% during the 3rd quarter. Community Financial Services Group LLC now owns 260,445 shares of the aerospace company’s stock valued at $5,103,000 after purchasing an additional 2,700 shares during the period. Panagora Asset Management Inc. increased its position in Embraer by 8.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 45,051 shares of the aerospace company’s stock valued at $883,000 after purchasing an additional 3,468 shares during the period. PNC Financial Services Group Inc. increased its position in Embraer by 71.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,027 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 3,756 shares during the period. KCS Wealth Advisory increased its position in Embraer by 17.9% during the 3rd quarter. KCS Wealth Advisory now owns 36,466 shares of the aerospace company’s stock valued at $714,000 after purchasing an additional 5,541 shares during the period. Finally, Cedar Wealth Management LLC increased its position in Embraer by 5,730.0% during the 3rd quarter. Cedar Wealth Management LLC now owns 5,830 shares of the aerospace company’s stock valued at $114,000 after purchasing an additional 5,730 shares during the period. 47.07% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on ERJ. ValuEngine raised shares of Embraer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. Cowen reissued a “hold” rating and set a $28.00 target price on shares of Embraer in a research report on Tuesday, October 30th. Sanford C. Bernstein downgraded shares of Embraer from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. Citigroup raised shares of Embraer to an “outperform” rating and increased their target price for the company from $23.00 to $28.00 in a research report on Wednesday, September 26th. Finally, Bradesco Corretora raised shares of Embraer from a “neutral” rating to a “buy” rating and increased their target price for the company from $23.00 to $28.00 in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Embraer has a consensus rating of “Hold” and a consensus price target of $27.13.

Shares of ERJ stock opened at $21.06 on Friday. The company has a market cap of $3.96 billion, a PE ratio of 359.83 and a beta of -0.12. Embraer SA has a 52 week low of $17.99 and a 52 week high of $28.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.29.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Tuesday, October 30th. The aerospace company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.38 billion. Embraer had a positive return on equity of 0.26% and a negative net margin of 2.43%. On average, sell-side analysts expect that Embraer SA will post -0.11 earnings per share for the current fiscal year.

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Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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