Embraer S.A. (NYSE:ERJ) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Embraer S.A. (NYSE:ERJ) by 109.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 464,002 shares of the aerospace company’s stock after purchasing an additional 242,649 shares during the period. JPMorgan Chase & Co. owned 0.25% of Embraer worth $17,020,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new stake in Embraer during the fourth quarter valued at about $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the 4th quarter valued at $37,000. Lindbrook Capital LLC lifted its holdings in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Embraer during the 4th quarter valued at $71,000. Finally, Quantbot Technologies LP purchased a new stake in Embraer during the 4th quarter worth $121,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Shares of ERJ stock opened at $41.23 on Friday. The firm has a fifty day moving average of $46.32 and a two-hundred day moving average of $40.16. The firm has a market cap of $7.57 billion, a P/E ratio of 15.16 and a beta of 1.36. Embraer S.A. has a 1-year low of $23.42 and a 1-year high of $56.61. 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 issued 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. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, research analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ERJ. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.