Brendel Financial Advisors LLC Invests $202,000 in Embraer S.A. (NYSE:ERJ)

Brendel Financial Advisors LLC bought a new stake in Embraer S.A. (NYSE:ERJ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,717 shares of the aerospace company’s stock, valued at approximately $202,000.

A number of other large investors have also modified their holdings of the business. PNC Financial Services Group Inc. purchased a new position in shares of Embraer during the 4th quarter worth $30,000. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the 2nd quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Embraer during the second quarter worth approximately $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in Embraer during the 2nd quarter worth $55,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Trading Up 0.8 %

Shares of NYSE:ERJ traded up $0.27 during mid-day trading on Thursday, hitting $33.45. The stock had a trading volume of 367,642 shares, compared to its average volume of 1,652,133. The company’s 50 day moving average is $33.35 and its 200-day moving average is $29.52. The company has a market cap of $6.14 billion, a PE ratio of 23.03 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.50. Embraer S.A. has a 12-month low of $13.31 and a 12-month high of $37.30.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. Embraer’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, sell-side analysts predict that Embraer S.A. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group raised their price objective on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Embraer currently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

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.