Lindbrook Capital LLC Has $58,000 Position in Embraer S.A. (NYSE:ERJ)

Lindbrook Capital LLC boosted its holdings in Embraer S.A. (NYSE:ERJ) by 32.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,572 shares of the aerospace company’s stock after acquiring an additional 389 shares during the quarter. Lindbrook Capital LLC’s holdings in Embraer were worth $58,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in Embraer in the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC acquired a new position in Embraer in the fourth quarter valued at approximately $71,000. US Bancorp DE raised its holdings in Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 395 shares during the period. Truist Financial Corp raised its holdings in Embraer by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 470 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in Embraer in the third quarter worth $242,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ERJ. The Goldman Sachs Group increased their target price on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. UBS Group lowered shares of 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. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday, March 2nd. Finally, Bank of America increased their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Embraer Trading Down 1.6 %

Shares of NYSE:ERJ opened at $51.04 on Friday. Embraer S.A. has a 12 month low of $20.74 and a 12 month high of $53.19. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $41.72 and its 200 day simple moving average is $37.74. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 18.76 and a beta of 1.70.

Embraer (NYSE:ERJ) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, research analysts forecast that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Company 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.