Embraer S.A. (NYSE:ERJ) Stock Holdings Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,602 shares of the aerospace company's stock after acquiring an additional 8,938 shares during the quarter. Principal Financial Group Inc. owned approximately 0.10% of Embraer worth $6,514,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Embraer during the 3rd quarter worth approximately $242,000. OneDigital Investment Advisors LLC bought a new position in Embraer during the 3rd quarter worth $252,000. Oppenheimer & Co. Inc. acquired a new stake in Embraer in the third quarter worth $253,000. Yeomans Consulting Group Inc. acquired a new stake in Embraer in the fourth quarter worth $276,000. Finally, Ballentine Partners LLC lifted its stake in Embraer by 4.0% in the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock valued at $279,000 after buying an additional 296 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer Price Performance

NYSE:ERJ traded up $2.32 during midday trading on Monday, hitting $49.97. 4,250,764 shares of the stock were exchanged, compared to its average volume of 1,551,963. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 18.37 and a beta of 1.71. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer S.A. has a one year low of $20.74 and a one year high of $52.00. The business has a 50-day moving average price of $40.25 and a two-hundred day moving average price of $37.12.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.21 billion. Sell-side analysts predict that Embraer S.A. will post 2.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on ERJ shares. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and increased their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com upgraded shares of Embraer from a "hold" rating to a "buy" rating in a research note on Sunday. The Goldman Sachs Group lifted their price target on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday. TD Cowen raised Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Bank of America boosted their price target on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Embraer presently has an average rating of "Moderate Buy" and an average price target of $43.00.

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.