HighTower Advisors LLC Raises Stock Position in Embraer S.A. (NYSE:ERJ)

HighTower Advisors LLC boosted its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 151.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,522 shares of the aerospace company's stock after acquiring an additional 24,986 shares during the period. HighTower Advisors LLC's holdings in Embraer were worth $1,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its holdings in shares of Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock worth $6,514,000 after purchasing an additional 8,938 shares during the last quarter. Ninety One North America Inc. grew its holdings in Embraer by 14.5% during the 4th 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 increased its stake in Embraer by 33.0% in 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 during the last quarter. QRG Capital Management Inc. bought a new position in shares of Embraer during the 4th quarter valued at approximately $243,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Embraer in the third quarter valued at $10,611,000. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of recent research reports. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research report on Monday. The Goldman Sachs Group upped their price objective on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, TD Cowen upgraded Embraer to a "strong-buy" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $44.50.

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Embraer Trading Down 2.6 %

Embraer stock traded down $1.23 during midday trading on Friday, reaching $46.26. The stock had a trading volume of 1,629,692 shares, compared to its average volume of 1,578,226. 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 cap of $8.50 billion, a price-to-earnings ratio of 17.01 and a beta of 1.70. Embraer S.A. has a 52-week low of $23.42 and a 52-week high of $56.61. The company has a fifty day moving average of $45.63 and a 200 day moving average of $39.46.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping 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. On average, analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Embraer Company 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.