Well Done LLC Buys New Position in Embraer SA (ERJ)

Well Done LLC bought a new position in Embraer SA (NYSE:ERJ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,955 shares of the aerospace company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Embraer SA by 1.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,067 shares of the aerospace company’s stock worth $199,000 after acquiring an additional 152 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Embraer SA by 2.3% in the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after acquiring an additional 169 shares during the last quarter. Comerica Bank raised its stake in shares of Embraer SA by 1.6% in the first quarter. Comerica Bank now owns 12,358 shares of the aerospace company’s stock worth $236,000 after acquiring an additional 198 shares during the last quarter. JFS Wealth Advisors LLC raised its stake in shares of Embraer SA by 7.6% in the second quarter. JFS Wealth Advisors LLC now owns 6,659 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 470 shares during the last quarter. Finally, American Trust Investment Advisors LLC raised its stake in shares of Embraer SA by 0.5% in the second quarter. American Trust Investment Advisors LLC now owns 160,035 shares of the aerospace company’s stock worth $2,917,000 after acquiring an additional 765 shares during the last quarter. 50.65% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Santander downgraded shares of Embraer SA from a “hold” rating to an “underperform” rating in a research note on Monday. BidaskClub raised shares of Embraer SA from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) downgraded shares of Embraer SA from a “buy” rating to a “sell” rating and dropped their price target for the stock from $26.00 to $18.00 in a research note on Thursday, August 10th. Credit Suisse Group raised shares of Embraer SA from a “neutral” rating to an “outperform” rating in a research note on Thursday. Finally, TheStreet raised shares of Embraer SA from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.00.

Embraer SA (NYSE:ERJ) traded down 2.158% during midday trading on Monday, hitting $18.815. 1,038,575 shares of the company were exchanged. Embraer SA has a one year low of $17.58 and a one year high of $24.95. The stock has a market capitalization of $3.46 billion, a PE ratio of 12.817 and a beta of 0.34. The firm’s 50-day moving average price is $22.24 and its 200-day moving average price is $20.57.

Embraer SA (NYSE:ERJ) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.11. Embraer SA had a net margin of 8.57% and a return on equity of 10.86%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts anticipate that Embraer SA will post $1.56 earnings per share for the current year.

The company also recently declared a special dividend, which was paid on Monday, October 16th. Shareholders of record on Wednesday, September 20th were issued a dividend of $0.0516 per share. This is a positive change from Embraer SA’s previous special dividend of $0.05. The ex-dividend date of this dividend was Tuesday, September 19th. Embraer SA’s dividend payout ratio (DPR) is presently 11.31%.

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About Embraer SA

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Institutional Ownership by Quarter for Embraer SA (NYSE:ERJ)

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