Kapitalo Investimentos Ltda Takes $1.47 Million Position in Embraer S.A. (NYSE:ERJ)

Kapitalo Investimentos Ltda acquired a new position in Embraer S.A. (NYSE:ERJ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,948 shares of the aerospace company’s stock, valued at approximately $1,465,000. Embraer accounts for about 1.0% of Kapitalo Investimentos Ltda’s portfolio, making the stock its 12th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC raised its holdings in Embraer by 164.4% during the 3rd quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company’s stock worth $1,312,000 after purchasing an additional 23,056 shares during the last quarter. Ritholtz Wealth Management boosted its position in Embraer by 3.5% during the fourth quarter. Ritholtz Wealth Management now owns 43,107 shares of the aerospace company’s stock valued at $1,581,000 after acquiring an additional 1,456 shares during the last quarter. LVW Advisors LLC raised its position in shares of Embraer by 3.3% in the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock worth $391,000 after acquiring an additional 340 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Embraer by 19.1% in the 4th quarter. Diversify Wealth Management LLC now owns 38,889 shares of the aerospace company’s stock valued at $1,465,000 after purchasing an additional 6,225 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 296 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ERJ shares. Wolfe Research reissued a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. UBS Group reissued a “sell” rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. The Goldman Sachs Group boosted 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. Finally, StockNews.com lowered 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 given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average target price of $46.25.

Embraer Stock Up 0.4 %

Embraer stock opened at $45.56 on Wednesday. The firm has a market capitalization of $8.37 billion, a price-to-earnings ratio of 16.75 and a beta of 1.36. The firm’s fifty day moving average price is $46.57 and its two-hundred day moving average price is $40.97. Embraer S.A. has a 1-year low of $25.05 and a 1-year high of $56.61. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share 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 analysts’ expectations of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. On average, equities research analysts predict that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

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.