US Bancorp DE Raises Stake in Embraer S.A. (NYSE:ERJ)

US Bancorp DE grew its position in Embraer S.A. (NYSE:ERJ) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,336 shares of the aerospace company’s stock after acquiring an additional 395 shares during the period. US Bancorp DE’s holdings in Embraer were worth $122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ERJ. Vaughan Nelson Investment Management L.P. acquired a new position in Embraer during the fourth quarter worth about $42,313,000. Jennison Associates LLC increased its position in Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after purchasing an additional 672,644 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Embraer by 54.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after purchasing an additional 393,696 shares during the last quarter. TimesSquare Capital Management LLC increased its position in Embraer by 50.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock worth $36,547,000 after purchasing an additional 334,206 shares during the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Embraer in the third quarter worth $10,767,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of ERJ opened at $52.42 on Monday. Embraer S.A. has a 12-month low of $22.09 and a 12-month high of $53.40. The firm’s 50 day moving average is $43.14 and its 200-day moving average is $38.40. The stock has a market capitalization of $9.63 billion, a P/E ratio of 19.27 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.

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

Analyst Ratings Changes

ERJ has been the subject of several recent research reports. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. The Goldman Sachs Group increased their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.60.

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.