Embraer S.A. (NYSE:ERJ) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 680.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,970 shares of the aerospace company's stock after purchasing an additional 7,820 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Embraer were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its position in Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock valued at $6,514,000 after purchasing an additional 8,938 shares during the period. Ninety One North America Inc. grew its stake in shares of Embraer by 14.5% in the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock valued at $3,098,000 after buying an additional 10,665 shares in the last quarter. Stifel Financial Corp lifted its stake in Embraer by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after acquiring an additional 18,656 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Embraer during the 3rd quarter valued at about $10,611,000. Finally, QRG Capital Management Inc. acquired a new position in Embraer in the 4th quarter valued at about $243,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ERJ shares. UBS Group cut shares of 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. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. 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. TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their target price on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.60.

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Embraer Stock Up 2.2 %

NYSE:ERJ traded up $1.20 during trading hours on Wednesday, hitting $56.40. The company's stock had a trading volume of 2,788,199 shares, compared to its average volume of 1,543,746. Embraer S.A. has a 52-week low of $23.42 and a 52-week high of $56.61. 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 stock has a market capitalization of $10.36 billion, a P/E ratio of 20.73 and a beta of 1.70. The stock has a fifty day moving average of $43.83 and a 200-day moving average of $38.71.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly 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 firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. On average, equities analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current year.

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.