Raymond James Financial Inc. Takes $2.45 Million Position in Embraer S.A. (NYSE:ERJ)

Raymond James Financial Inc. bought a new stake in Embraer S.A. (NYSE:ERJ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 66,863 shares of the aerospace company's stock, valued at approximately $2,453,000.

Other large investors have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Embraer during the fourth quarter valued at approximately $42,313,000. Victory Capital Management Inc. acquired a new stake in shares of Embraer during the 4th quarter valued at approximately $25,024,000. Itau Unibanco Holding S.A. lifted its stake in 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 purchasing an additional 393,696 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in Embraer by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock worth $36,547,000 after purchasing an additional 334,206 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC acquired 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.

Analyst Ratings Changes

ERJ has been the subject of several research reports. TD Cowen raised shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Wolfe Research restated a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.50.

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Embraer Stock Performance

Shares of NYSE:ERJ traded down $0.41 during trading hours on Wednesday, hitting $45.93. The stock had a trading volume of 1,461,626 shares, compared to its average volume of 1,572,409. The stock's fifty day simple moving average is $46.10 and its 200 day simple moving average is $39.79. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 16.89 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 1-year low of $23.42 and a 1-year high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 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 analysts' expectations of $2.21 billion. Sell-side analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

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.