Embraer S.A. (NYSE:ERJ) Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Embraer S.A. (NYSE:ERJ – Get Rating) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,516 shares of the aerospace company’s stock after buying an additional 19,172 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Embraer worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in shares of Embraer during the 2nd quarter worth about $27,000. Atlas Capital Advisors LLC grew its stake in shares of Embraer by 241.4% in the 3rd quarter. Atlas Capital Advisors LLC now owns 4,404 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 3,114 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Embraer in the 1st quarter worth approximately $60,000. US Bancorp DE grew its stake in shares of Embraer by 23.0% in the 3rd quarter. US Bancorp DE now owns 7,832 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Embraer in the 1st quarter worth approximately $136,000. 37.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TheStreet raised shares of Embraer from a “d+” rating to a “c-” rating in a research note on Wednesday, February 8th. Bank of America lowered their price objective on shares of Embraer from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. Citigroup lifted their price objective on shares of Embraer from $11.75 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 23rd. StockNews.com raised shares of Embraer from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Embraer from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Embraer Stock Performance

ERJ stock opened at $14.47 on Tuesday. The firm has a 50 day simple moving average of $15.26 and a 200 day simple moving average of $12.94. The stock has a market cap of $2.66 billion, a P/E ratio of -482.33, a P/E/G ratio of 0.84 and a beta of 1.28. Embraer S.A. has a 52 week low of $7.91 and a 52 week high of $16.75. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.94 and a current ratio of 1.75.

Embraer (NYSE:ERJ – Get Rating) last posted its quarterly earnings results on Friday, March 10th. The aerospace company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.02 billion. Embraer had a positive return on equity of 0.65% and a negative net margin of 0.08%. Research analysts anticipate that Embraer S.A. will post 1.01 earnings per share for the current fiscal year.

Embraer Profile

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Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.