Legato Capital Management LLC Buys 8,807 Shares of Embraer S.A. (NYSE:ERJ)

Legato Capital Management LLC lifted its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,903 shares of the aerospace company's stock after acquiring an additional 8,807 shares during the period. Legato Capital Management LLC's holdings in Embraer were worth $2,417,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Jennison Associates LLC increased its position in shares of Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock worth $47,100,000 after acquiring an additional 672,644 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer during the fourth quarter worth $42,313,000. Itau Unibanco Holding S.A. increased its position in shares of Embraer by 54.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company's stock worth $39,343,000 after acquiring an additional 393,696 shares in the last quarter. State Street Corp increased its position in shares of Embraer by 1.3% during the third quarter. State Street Corp now owns 368,662 shares of the aerospace company's stock worth $13,040,000 after acquiring an additional 4,666 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Embraer during the third quarter worth $10,767,000. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on ERJ shares. Bank of America increased their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Embraer from a "hold" rating to a "buy" rating in a report on Friday. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and increased their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Embraer presently has an average rating of "Moderate Buy" and an average target price of $40.50.

Embraer Stock Performance

Shares of ERJ traded up $0.08 during midday trading on Friday, reaching $42.24. The stock had a trading volume of 1,372,580 shares, compared to its average volume of 1,237,642. The firm has a 50 day simple moving average of $38.91 and a 200-day simple moving average of $36.07. Embraer S.A. has a one year low of $18.00 and a one year high of $46.10. The firm has a market cap of $7.76 billion, a PE ratio of 15.53 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.

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.