Embraer S.A. (NYSE:ERJ) Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its position in shares of Embraer S.A. (NYSE:ERJ) by 275,514.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 77,172 shares of the aerospace company’s stock after acquiring an additional 77,144 shares during the period. Assetmark Inc.’s holdings in Embraer were worth $2,831,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in shares of Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after acquiring an additional 672,644 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Embraer during the fourth quarter worth approximately $42,313,000. Itau Unibanco Holding S.A. grew its holdings in Embraer by 54.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after purchasing an additional 393,696 shares during the period. TimesSquare Capital Management LLC grew 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 valued at $36,547,000 after purchasing an additional 334,206 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $25,024,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

NYSE:ERJ opened at $51.04 on Monday. Embraer S.A. has a twelve month low of $20.74 and a twelve month high of $53.19. The company has a market cap of $9.37 billion, a P/E ratio of 18.76 and a beta of 1.70. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $41.72 and its 200-day moving average price is $37.77.

Embraer (NYSE:ERJ) last issued 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. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, sell-side analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group increased their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America raised their price target 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. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.