Embraer S.A. (NYSE:ERJ) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its position in Embraer S.A. (NYSE:ERJ) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,298 shares of the aerospace company’s stock after acquiring an additional 470 shares during the quarter. Truist Financial Corp’s holdings in Embraer were worth $231,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ERJ. Ballentine Partners LLC increased its stake in Embraer by 4.0% in the fourth 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 during the last quarter. Townsquare Capital LLC increased its stake in Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after purchasing an additional 310 shares during the last quarter. Angeles Investment Advisors LLC increased its stake in Embraer by 3.0% in the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after purchasing an additional 338 shares during the last quarter. LVW Advisors LLC increased its stake in Embraer by 3.3% in the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Embraer by 0.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,290 shares of the aerospace company’s stock valued at $5,219,000 after purchasing an additional 821 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of ERJ opened at $51.90 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm has a market cap of $9.53 billion, a PE ratio of 19.08 and a beta of 1.70. The company’s 50 day simple moving average is $41.12 and its 200-day simple moving average is $37.47. Embraer S.A. has a 12-month low of $20.74 and a 12-month high of $53.19.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping the consensus estimate 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. As a group, equities analysts predict that Embraer S.A. will post 2.04 EPS for the current year.

Analysts Set New Price Targets

ERJ has been the topic of several recent analyst reports. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Sunday, March 2nd. Finally, Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.