Embraer S.A. (NYSE:ERJ) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its stake in shares of Embraer S.A. (NYSE:ERJ) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,389 shares of the aerospace company’s stock after purchasing an additional 799 shares during the quarter. Bank of Montreal Can’s holdings in Embraer were worth $1,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ERJ. Jones Financial Companies Lllp acquired a new position in shares of Embraer in the fourth quarter valued at about $28,000. SPX Gestao de Recursos Ltda acquired a new stake in Embraer during the 4th quarter valued at approximately $37,000. Lindbrook Capital LLC increased its stake in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Embraer during the fourth quarter worth $71,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Embraer by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock valued at $71,000 after purchasing an additional 809 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Embraer Stock Up 2.3 %

Shares of NYSE ERJ opened at $43.56 on Friday. Embraer S.A. has a 52-week low of $23.57 and a 52-week high of $56.61. 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 50-day simple moving average is $46.28 and its 200-day simple moving average is $40.34. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 16.01 and a beta of 1.36.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.47 by $0.47. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. Equities analysts predict 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.