Embraer S.A. (NYSE:ERJ) Holdings Increased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in shares of Embraer S.A. (NYSE:ERJFree Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 465,345 shares of the aerospace company’s stock after buying an additional 9,809 shares during the quarter. Wells Fargo & Company MN’s holdings in Embraer were worth $8,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Embraer in the 3rd quarter worth approximately $1,358,000. Canada Pension Plan Investment Board acquired a new position in shares of Embraer in the 3rd quarter worth approximately $9,884,000. UBS Group AG grew its stake in shares of Embraer by 16.9% in the 3rd quarter. UBS Group AG now owns 233,941 shares of the aerospace company’s stock worth $3,210,000 after purchasing an additional 33,799 shares during the last quarter. Citigroup Inc. grew its stake in shares of Embraer by 18.9% in the 3rd quarter. Citigroup Inc. now owns 62,876 shares of the aerospace company’s stock worth $863,000 after purchasing an additional 10,014 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Embraer in the 3rd quarter worth approximately $343,000. 34.65% of the stock is currently owned by institutional investors.

Embraer Price Performance

Shares of ERJ opened at $27.75 on Thursday. The company’s 50 day moving average price is $26.81 and its 200 day moving average price is $21.84. Embraer S.A. has a 52 week low of $12.48 and a 52 week high of $31.12. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91.

Embraer (NYSE:ERJGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Embraer had a net margin of 4.84% and a return on equity of 5.43%. The firm had revenue of $896.60 million for the quarter, compared to the consensus estimate of $883.92 million. As a group, sell-side analysts forecast that Embraer S.A. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ERJ shares. UBS Group reaffirmed a “neutral” rating and issued a $28.50 price objective (up previously from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. The Goldman Sachs Group lifted their target price on shares of Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, Morgan Stanley lifted their target price on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.75.

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About Embraer

(Free Report)

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.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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