682,218 Shares in Embraer S.A. (NYSE:ERJ) Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new position in Embraer S.A. (NYSE:ERJ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 682,218 shares of the aerospace company's stock, valued at approximately $25,024,000. Victory Capital Management Inc. owned approximately 0.37% of Embraer at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new stake in Embraer in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC bought a new position in shares of Embraer in the fourth quarter worth approximately $71,000. US Bancorp DE increased its stake in shares of Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after purchasing an additional 395 shares in the last quarter. Truist Financial Corp raised its position in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after purchasing an additional 470 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of Embraer during the 4th quarter valued at $243,000. 34.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on ERJ shares. Bank of America boosted their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and increased their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, TD Cowen raised shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.00.

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Embraer Price Performance

Shares of NYSE ERJ traded up $1.42 during trading on Friday, hitting $52.42. The company had a trading volume of 2,019,235 shares, compared to its average volume of 1,574,446. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 19.27 and a beta of 1.70. The stock has a fifty day simple moving average of $42.57 and a two-hundred day simple moving average of $38.11. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a fifty-two week low of $22.04 and a fifty-two week high of $53.37.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. On average, research analysts expect that Embraer S.A. will post 2.04 earnings per share for the current year.

About Embraer

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.