Embraer S.A. (NYSE:ERJ) Shares Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its position in Embraer S.A. (NYSE:ERJ) by 50.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 996,361 shares of the aerospace company’s stock after purchasing an additional 334,206 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Embraer were worth $36,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in shares of Embraer in the 4th quarter valued at $71,000. Signaturefd LLC raised its holdings in shares of Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 470 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Embraer in the 3rd quarter valued at $242,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Embraer in the 3rd quarter valued at $252,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Price Performance

Shares of NYSE:ERJ opened at $42.59 on Wednesday. The company’s fifty day moving average price is $39.12 and its 200 day moving average price is $36.34. Embraer S.A. has a 12 month low of $18.02 and a 12 month high of $46.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a market capitalization of $7.82 billion, a P/E ratio of 15.66 and a beta of 1.71.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ERJ shares. Bank of America raised their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group lowered 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. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.50.

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.