US Bancorp DE Has $122,000 Position in Embraer S.A. (NYSE:ERJ)

US Bancorp DE boosted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 13.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,336 shares of the aerospace company’s stock after purchasing an additional 395 shares during the period. US Bancorp DE’s holdings in Embraer were worth $122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Embraer in the fourth quarter valued at approximately $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 acquiring an additional 672,644 shares during the period. 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 acquiring an additional 393,696 shares during the period. TimesSquare Capital Management LLC boosted its stake 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 buying an additional 334,206 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC acquired a new stake in Embraer during the third quarter worth $10,767,000. Institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ERJ shares. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. The Goldman Sachs Group upped their target price on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Bank of America lifted 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. Finally, TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.60.

Embraer Trading Up 2.8 %

ERJ opened at $52.42 on Monday. The stock has a market capitalization of $9.63 billion, a P/E ratio of 19.27 and a beta of 1.70. Embraer S.A. has a 12 month low of $22.09 and a 12 month high of $53.40. The firm’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $38.40. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last issued its quarterly 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 firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations 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 anticipate that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer 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.