Harbert Fund Advisors Inc. boosted its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 128.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,500 shares of the aerospace company's stock after purchasing an additional 18,250 shares during the quarter. Harbert Fund Advisors Inc.'s holdings in Embraer were worth $1,192,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Ballentine Partners LLC boosted its holdings in Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock worth $279,000 after acquiring an additional 296 shares during the last quarter. LVW Advisors LLC lifted its position in shares of Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock worth $391,000 after acquiring an additional 340 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after purchasing an additional 389 shares during the period. US Bancorp DE lifted its stake in Embraer by 13.4% in the 4th 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. Finally, Truist Financial Corp boosted its stake in Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after buying an additional 470 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.
Embraer Stock Down 2.0 %
Shares of NYSE:ERJ traded down $0.90 on Wednesday, reaching $43.22. The company had a trading volume of 440,284 shares, compared to its average volume of 1,619,807. 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 firm has a market capitalization of $7.94 billion, a PE ratio of 15.89 and a beta of 1.36. The firm's 50 day simple moving average is $46.25 and its 200-day simple moving average is $40.26. Embraer S.A. has a 52-week low of $23.42 and a 52-week high of $56.61.
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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.21 billion. As a group, analysts expect that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on ERJ shares. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. 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 research report on Monday, March 3rd. Finally, StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer has an average rating of "Moderate Buy" and a consensus price target of $44.50.
Check Out Our Latest Analysis on Embraer
Embraer Profile
(
Free Report)
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.
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