TimesSquare Capital Management LLC Grows Holdings in Embraer S.A. (NYSE:ERJ)

TimesSquare Capital Management LLC lifted its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 50.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 996,361 shares of the aerospace company's stock after buying an additional 334,206 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.54% of Embraer worth $36,547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ERJ. Venturi Wealth Management LLC bought a new position in Embraer in the 4th quarter worth about $71,000. Truist Financial Corp boosted its stake in Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after purchasing an additional 470 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Embraer by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock valued at $6,514,000 after acquiring an additional 8,938 shares during the period. Legato Capital Management LLC lifted its stake in Embraer by 15.4% during the 4th quarter. Legato Capital Management LLC now owns 65,903 shares of the aerospace company's stock valued at $2,417,000 after acquiring an additional 8,807 shares during the period. Finally, Leavell Investment Management Inc. lifted its stake in Embraer by 14.3% during the 4th quarter. Leavell Investment Management Inc. now owns 9,200 shares of the aerospace company's stock valued at $337,000 after acquiring an additional 1,150 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Performance

Shares of NYSE:ERJ traded down $1.83 during trading on Friday, hitting $41.26. The company's stock had a trading volume of 1,472,785 shares, compared to its average volume of 1,168,188. The company has a 50-day moving average of $39.44 and a 200-day moving average of $36.53. Embraer S.A. has a 12 month low of $18.15 and a 12 month high of $46.10. 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 has a market cap of $7.58 billion, a price-to-earnings ratio of 15.17 and a beta of 1.71.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and upped their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Embraer from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Bank of America upped their target price on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Embraer presently has an average rating of "Moderate Buy" and a consensus price target of $40.50.

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.