Glovista Investments LLC reduced its stake in shares of Embraer SA (NYSE:ERJ) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,460 shares of the aerospace company’s stock after selling 3,125 shares during the quarter. Glovista Investments LLC’s holdings in Embraer were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ERJ. Global X Management Co. LLC lifted its holdings in shares of Embraer by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 169 shares in the last quarter. Seminole Management Co. Inc. purchased a new stake in shares of Embraer in the second quarter valued at about $182,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Embraer by 126.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock valued at $204,000 after purchasing an additional 6,500 shares in the last quarter. TD Asset Management Inc. purchased a new stake in shares of Embraer in the third quarter valued at about $237,000. Finally, Legal & General Group Plc lifted its holdings in shares of Embraer by 32.6% in the second quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock valued at $245,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors own 50.11% of the company’s stock.

Shares of Embraer SA (ERJ) traded up $0.45 on Thursday, hitting $19.66. 1,105,700 shares of the company traded hands, compared to its average volume of 1,236,941. The company has a quick ratio of 1.73, a current ratio of 2.67 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $3,527.72, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.63 and a beta of 0.32. Embraer SA has a fifty-two week low of $17.58 and a fifty-two week high of $24.95.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Embraer had a net margin of 6.63% and a return on equity of 10.65%. equities research analysts expect that Embraer SA will post 1.81 earnings per share for the current fiscal year.

ERJ has been the topic of several recent research reports. Credit Suisse Group raised shares of Embraer from a “neutral” rating to an “outperform” rating in a report on Thursday, October 26th. TheStreet downgraded shares of Embraer from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. ValuEngine downgraded shares of Embraer from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Embraer from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Embraer from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.20.

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About Embraer

Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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