Legato Capital Management LLC Has $2.42 Million Stock Position in Embraer S.A. (NYSE:ERJ)

Legato Capital Management LLC raised its stake in Embraer S.A. (NYSE:ERJ) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,903 shares of the aerospace company’s stock after acquiring an additional 8,807 shares during the quarter. Legato Capital Management LLC’s holdings in Embraer were worth $2,417,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Embraer in the fourth quarter valued at approximately $42,313,000. Jennison Associates LLC grew its holdings in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after buying an additional 672,644 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after buying an additional 393,696 shares during the period. Philadelphia Financial Management of San Francisco LLC bought a new position in Embraer during the 3rd quarter worth $10,767,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Embraer during the third quarter worth $10,611,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on ERJ. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and increased their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average target price of $40.50.

Embraer Price Performance

ERJ stock opened at $41.72 on Wednesday. Embraer S.A. has a 1 year low of $17.46 and a 1 year high of $46.10. 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 stock has a market cap of $7.66 billion, a price-to-earnings ratio of 15.34 and a beta of 1.71. The company has a 50 day simple moving average of $38.64 and a 200 day simple moving average of $35.90.

About Embraer

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.