O Shaughnessy Asset Management LLC Increases Position in Embraer S.A. (NYSE:ERJ)

O Shaughnessy Asset Management LLC raised its position in shares of Embraer S.A. (NYSE:ERJ) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 81,160 shares of the aerospace company’s stock after buying an additional 2,649 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Embraer were worth $2,977,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in Embraer during the 4th quarter valued at about $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the fourth quarter valued at approximately $37,000. Lindbrook Capital LLC boosted its stake in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 389 shares during the period. Venturi Wealth Management LLC purchased a new stake in Embraer during the 4th quarter worth approximately $71,000. Finally, Quantbot Technologies LP acquired a new stake in Embraer during the 4th quarter worth approximately $121,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ERJ has been the subject of several research reports. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price objective on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Embraer has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Embraer Stock Down 1.4 %

Shares of NYSE ERJ opened at $45.18 on Friday. Embraer S.A. has a 1 year low of $23.42 and a 1 year high of $56.61. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 16.61 and a beta of 1.70. 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 business has a 50-day moving average of $46.17 and a two-hundred day moving average of $39.83.

Embraer (NYSE:ERJ) last announced its quarterly 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 return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. On average, analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Embraer 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.