Raymond James Financial Inc. Takes $2.45 Million Position in Embraer S.A. (NYSE:ERJ)

Raymond James Financial Inc. purchased a new stake in shares of Embraer S.A. (NYSE:ERJ) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 66,863 shares of the aerospace company’s stock, valued at approximately $2,453,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Carrhae Capital LLP lifted its position in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after acquiring an additional 866,919 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Embraer by 8.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company’s stock worth $81,065,000 after purchasing an additional 176,182 shares in the last quarter. Invesco Ltd. raised its position in shares of Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Embraer in the 4th quarter valued at approximately $42,313,000. Finally, TimesSquare Capital Management LLC grew its holdings in Embraer by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock valued at $36,547,000 after buying an additional 334,206 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERJ has been the topic of several recent research reports. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research report on Monday, March 24th. UBS Group restated a “sell” rating and issued a $39.00 target price (up from $35.00) on shares of Embraer in a report on Thursday, April 24th. The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Embraer Stock Performance

Shares of NYSE ERJ opened at $45.56 on Wednesday. The company has a market cap of $8.37 billion, a PE ratio of 16.75 and a beta of 1.36. Embraer S.A. has a 12 month low of $25.05 and a 12 month high of $56.61. 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 company has a 50-day simple moving average of $46.57 and a 200-day simple moving average of $40.97.

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

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.