JPMorgan Chase & Co. Raises Stake in Embraer S.A. (NYSE:ERJ)

JPMorgan Chase & Co. boosted its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 109.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 464,002 shares of the aerospace company's stock after acquiring an additional 242,649 shares during the period. JPMorgan Chase & Co. owned about 0.25% of Embraer worth $17,020,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Carrhae Capital LLP grew its stake in shares of Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Embraer by 20.7% in the 4th quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock valued at $8,782,000 after acquiring an additional 41,143 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Embraer during the 4th quarter worth about $121,000. Natixis Advisors LLC lifted its stake in Embraer by 132.0% during the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock worth $5,814,000 after purchasing an additional 90,187 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Embraer by 959.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock valued at $30,247,000 after purchasing an additional 746,758 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

ERJ has been the subject of several recent analyst reports. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. The Goldman Sachs Group raised their price objective on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.50.

Embraer Stock Performance

Shares of Embraer stock traded up $1.03 during trading hours on Tuesday, hitting $44.12. 1,366,124 shares of the company were exchanged, compared to its average volume of 1,624,255. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $46.26 and a 200-day moving average of $40.24. Embraer S.A. has a 1 year low of $23.42 and a 1 year high of $56.61. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 16.22 and a beta of 1.36.

Embraer (NYSE:ERJ - Get Free Report) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS 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 company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. As a group, analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal 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.