Embraer S.A. (NYSE:ERJ) Stock Position Raised by Assetmark Inc.

Assetmark Inc. increased its position in Embraer S.A. (NYSE:ERJ - Free Report) by 275,514.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,172 shares of the aerospace company's stock after acquiring an additional 77,144 shares during the period. Assetmark Inc.'s holdings in Embraer were worth $2,831,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Embraer during the fourth quarter valued at about $28,000. Venturi Wealth Management LLC bought a new position in shares of Embraer in the fourth quarter valued at approximately $71,000. US Bancorp DE raised its holdings in Embraer by 13.4% during 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 lifted its position in Embraer by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after purchasing an additional 470 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in Embraer during the 3rd quarter valued at $242,000. 34.65% of the stock is currently owned by institutional investors.

Embraer Trading Up 1.0 %

Shares of ERJ stock traded up $0.50 during trading hours on Thursday, reaching $51.10. 1,613,799 shares of the stock traded hands, compared to its average volume of 1,573,533. The business has a fifty day moving average price of $42.57 and a 200 day moving average price of $38.11. Embraer S.A. has a 1-year low of $21.20 and a 1-year high of $53.19. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $9.38 billion, a PE ratio of 18.79 and a beta of 1.70.

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

Analysts Set New Price Targets

A number of research firms have recently commented on ERJ. The Goldman Sachs Group boosted their price objective on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. Bank of America boosted their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday. Finally, UBS Group cut Embraer from a "neutral" rating to a "sell" rating and upped their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Embraer 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.