Bank Julius Baer & Co. Ltd Zurich Takes $124,000 Position in Embraer S.A. (NYSE:ERJ)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Embraer S.A. (NYSE:ERJ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,063 shares of the aerospace company’s stock, valued at approximately $124,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Embraer in the fourth quarter worth about $42,313,000. Victory Capital Management Inc. acquired a new position in Embraer in the 4th quarter worth about $25,024,000. Jennison Associates LLC boosted 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 in the last quarter. Itau Unibanco Holding S.A. grew its holdings in Embraer by 54.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after purchasing an additional 393,696 shares during the period. Finally, TimesSquare Capital Management LLC increased its position in shares of Embraer by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock valued at $36,547,000 after buying an additional 334,206 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

ERJ has been the topic of a number of recent analyst reports. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group upped their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, Bank of America increased their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Embraer Stock Performance

ERJ opened at $50.66 on Wednesday. Embraer S.A. has a twelve month low of $20.74 and a twelve month high of $53.19. The firm has a market capitalization of $9.30 billion, a PE ratio of 18.63 and a beta of 1.70. 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’s 50-day moving average price is $42.29 and its 200 day moving average price is $38.02.

Embraer (NYSE:ERJ) last issued its 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 business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. As a group, sell-side analysts expect that Embraer S.A. will post 2.04 EPS 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.