SPX Gestao de Recursos Ltda Invests $37,000 in Embraer S.A. (NYSE:ERJ)

SPX Gestao de Recursos Ltda bought a new position in shares of Embraer S.A. (NYSE:ERJ) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 999 shares of the aerospace company’s stock, valued at approximately $37,000.

A number of other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Embraer during the 4th quarter worth about $124,000. Lindbrook Capital LLC boosted its holdings in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares during the period. Raymond James Financial Inc. purchased a new position in Embraer in the 4th quarter worth approximately $2,453,000. Assetmark Inc. boosted its holdings in Embraer by 275,514.3% in the 4th quarter. Assetmark Inc. now owns 77,172 shares of the aerospace company’s stock worth $2,831,000 after acquiring an additional 77,144 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Embraer in the 4th quarter worth approximately $25,024,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group lowered 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 report on Tuesday, November 19th. Finally, 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 research report 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Embraer Stock Performance

ERJ stock opened at $50.99 on Tuesday. 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 firm has a market cap of $9.37 billion, a P/E ratio of 18.75 and a beta of 1.70. Embraer S.A. has a 12-month low of $20.74 and a 12-month high of $53.19. The stock’s 50 day simple moving average is $42.01 and its 200 day simple moving average is $37.90.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, equities research analysts predict that Embraer S.A. will post 2.04 EPS for the current year.

Embraer 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.