TRUE Private Wealth Advisors lowered its stake in shares of Embraer SA (NYSE:ERJ) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,549 shares of the aerospace company’s stock after selling 575 shares during the period. TRUE Private Wealth Advisors’ holdings in Embraer SA were worth $297,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in Embraer SA by 48.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,567 shares of the aerospace company’s stock valued at $2,046,000 after buying an additional 38,950 shares during the last quarter. Bank of New York Mellon Corp increased its position in Embraer SA by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 772,439 shares of the aerospace company’s stock valued at $13,332,000 after buying an additional 8,302 shares during the last quarter. Prince Street Capital Management LLC bought a new position in Embraer SA during the third quarter valued at about $2,019,000. Two Sigma Investments LP increased its position in Embraer SA by 3,440.8% in the fourth quarter. Two Sigma Investments LP now owns 999,849 shares of the aerospace company’s stock valued at $19,247,000 after buying an additional 971,611 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Embraer SA by 2,129.7% in the third quarter. Canada Pension Plan Investment Board now owns 209,391 shares of the aerospace company’s stock valued at $3,614,000 after buying an additional 200,000 shares during the last quarter. 50.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Embraer SA (NYSE:ERJ) traded down 0.55% during trading on Thursday, reaching $19.91. 1,212,853 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $22.54 and a 200-day moving average price of $21.13. Embraer SA has a 52 week low of $17.06 and a 52 week high of $25.01. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 78.70 and a beta of 0.56.
Embraer SA (NYSE:ERJ) last announced its quarterly earnings data on Thursday, March 9th. The aerospace company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.35. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.91 billion. Embraer SA had a net margin of 1.31% and a return on equity of 3.93%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. Analysts predict that Embraer SA will post $1.84 earnings per share for the current year.
The business also recently disclosed an annual dividend, which will be paid on Wednesday, May 17th. Stockholders of record on Thursday, April 27th will be issued a dividend of $0.132 per share. This is a positive change from Embraer SA’s previous annual dividend of $0.04. This represents a dividend yield of 0.65%. The ex-dividend date is Tuesday, April 25th.
COPYRIGHT VIOLATION NOTICE: “Embraer SA (ERJ) Position Reduced by TRUE Private Wealth Advisors” was originally published by WKRB News and is owned by of WKRB News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.wkrb13.com/markets/2065458/embraer-sa-erj-position-reduced-by-true-private-wealth-advisors.html.
Several equities analysts have issued reports on ERJ shares. Zacks Investment Research downgraded shares of Embraer SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 3rd. TheStreet raised shares of Embraer SA from a “c” rating to a “b-” rating in a research note on Monday, February 13th. Finally, Cowen and Company reissued a “buy” rating and issued a $27.00 price target on shares of Embraer SA in a research note on Thursday, April 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.33.
About Embraer SA
Embraer SA is a Brazil-based company that 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.
Want to see what other hedge funds are holding ERJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Embraer SA (NYSE:ERJ).
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2065458/embraer-sa-erj-position-reduced-by-true-private-wealth-advisors.html
Receive News & Ratings for Embraer SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer SA and related companies with MarketBeat.com's FREE daily email newsletter.