Quantessence Capital LLC Takes Position in Embraer S.A. (NYSE:ERJ)

Quantessence Capital LLC purchased a new position in shares of Embraer S.A. (NYSE:ERJ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,215 shares of the aerospace company's stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ERJ. State Street Corp raised its stake in 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 purchasing an additional 4,666 shares during the period. Virtu Financial LLC raised its position in shares of Embraer by 164.4% during the 3rd quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company's stock valued at $1,312,000 after buying an additional 23,056 shares during the period. Ritholtz Wealth Management grew its position in Embraer by 3.5% in the fourth quarter. Ritholtz Wealth Management now owns 43,107 shares of the aerospace company's stock worth $1,581,000 after acquiring an additional 1,456 shares during the period. LVW Advisors LLC grew its position in Embraer by 3.3% in 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 during the period. Finally, Diversify Wealth Management LLC increased its stake in Embraer by 19.1% during the fourth quarter. Diversify Wealth Management LLC now owns 38,889 shares of the aerospace company's stock worth $1,465,000 after acquiring an additional 6,225 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $44.50.

Embraer Stock Up 1.6 %

Shares of NYSE:ERJ opened at $42.75 on Wednesday. The firm has a market capitalization of $7.85 billion, a PE ratio of 15.72 and a beta of 1.36. Embraer S.A. has a 1 year low of $24.02 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm's 50-day moving average is $46.34 and its two-hundred day moving average is $40.56.

Embraer (NYSE:ERJ - Get Free Report) last announced its 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 net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Analysts predict that Embraer S.A. will post 2.04 EPS for the current 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.

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