QRG Capital Management Inc. Takes Position in Embraer S.A. (NYSE:ERJ)

QRG Capital Management Inc. bought a new position in shares of Embraer S.A. (NYSE:ERJ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 6,613 shares of the aerospace company's stock, valued at approximately $243,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ballentine Partners LLC boosted 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 acquiring an additional 296 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock worth $920,000 after buying an additional 310 shares during the period. Angeles Investment Advisors LLC increased its stake in shares of Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company's stock valued at $416,000 after acquiring an additional 338 shares during the last quarter. LVW Advisors LLC boosted its stake in Embraer by 3.3% during the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock worth $391,000 after acquiring an additional 340 shares during the last quarter. Finally, Truist Financial Corp increased its stake in Embraer by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after purchasing an additional 470 shares in the last quarter. 34.65% of the stock is owned by institutional investors.

Embraer Stock Performance

Embraer stock traded down $0.03 during midday trading on Monday, reaching $50.99. 1,855,292 shares of the company's stock were exchanged, compared to its average volume of 1,632,228. The stock's 50-day simple moving average is $41.72 and its 200 day simple moving average is $37.77. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 18.75 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a 52 week low of $20.74 and a 52 week high of $53.19.

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Embraer (NYSE:ERJ - Get Free Report) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. On average, analysts expect that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ERJ shares. TD Cowen upgraded Embraer to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday. Bank of America upped their price target on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, November 21st. UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and raised their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group upped their target price on shares of Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

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.