Vaughan Nelson Investment Management L.P. Takes Position in Embraer S.A. (NYSE:ERJ)

Vaughan Nelson Investment Management L.P. bought a new stake in Embraer S.A. (NYSE:ERJ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,153,560 shares of the aerospace company’s stock, valued at approximately $42,313,000. Vaughan Nelson Investment Management L.P. owned approximately 0.63% of Embraer as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of Embraer during the second quarter worth about $448,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares in the last quarter. Cetera Investment Advisers lifted its stake in Embraer by 30.4% during the second quarter. Cetera Investment Advisers now owns 58,457 shares of the aerospace company’s stock valued at $1,508,000 after purchasing an additional 13,611 shares during the last quarter. LVW Advisors LLC raised its holdings in Embraer by 3.4% during the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after buying an additional 340 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in shares of Embraer by 17.3% during the 3rd quarter. Ritholtz Wealth Management now owns 41,651 shares of the aerospace company’s stock valued at $1,473,000 after acquiring an additional 6,158 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Down 3.9 %

ERJ stock opened at $42.93 on Friday. The stock’s 50 day moving average is $38.47 and its 200-day moving average is $35.67. Embraer S.A. has a twelve month low of $17.19 and a twelve month high of $46.10. The firm has a market capitalization of $7.88 billion, a PE ratio of 15.78 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.92. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $0.18 EPS. Sell-side analysts expect that Embraer S.A. will post 2.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ERJ has been the subject of several recent research reports. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Embraer currently has an average rating of “Moderate Buy” and an average price target of $40.50.

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.