Blue Trust Inc. Purchases 2,851 Shares of Embraer S.A. (NYSE:ERJ)

Blue Trust Inc. raised its position in shares of Embraer S.A. (NYSE:ERJ) by 21.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,007 shares of the aerospace company’s stock after acquiring an additional 2,851 shares during the period. Blue Trust Inc.’s holdings in Embraer were worth $566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brendel Financial Advisors LLC bought a new stake in Embraer during the 3rd quarter valued at approximately $202,000. Stifel Financial Corp boosted its position in shares of Embraer by 33.0% in the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after acquiring an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Embraer in the third quarter worth $10,611,000. Thrivent Financial for Lutherans bought a new position in Embraer during the third quarter worth $981,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Embraer during the 4th quarter valued at $384,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERJ has been the topic of several research reports. Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Finally, UBS Group cut Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Trading Up 1.5 %

Shares of Embraer stock opened at $40.95 on Friday. The stock has a market capitalization of $7.52 billion, a P/E ratio of 15.05 and a beta of 1.71. The company has a 50-day simple moving average of $38.02 and a 200 day simple moving average of $35.08. 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 S.A. has a 12-month low of $17.19 and a 12-month high of $41.90.

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