Natixis Advisors LLC Grows Stock Position in Embraer S.A. (NYSE:ERJ)

Natixis Advisors LLC boosted its position in Embraer S.A. (NYSE:ERJ) by 132.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,496 shares of the aerospace company’s stock after buying an additional 90,187 shares during the quarter. Natixis Advisors LLC’s holdings in Embraer were worth $5,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ERJ. Oppenheimer & Co. Inc. purchased a new stake in Embraer in the third quarter worth $253,000. OneDigital Investment Advisors LLC purchased a new position in shares of Embraer in the third quarter valued at $252,000. Thrivent Financial for Lutherans purchased a new position in shares of Embraer in the third quarter valued at $981,000. Jennison Associates LLC grew its position in shares of Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after purchasing an additional 672,644 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Embraer by 153.9% in the third quarter. Advisors Asset Management Inc. now owns 15,694 shares of the aerospace company’s stock valued at $555,000 after purchasing an additional 9,512 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ERJ shares. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their price target on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

Embraer Price Performance

Shares of NYSE ERJ opened at $52.72 on Friday. The firm has a market capitalization of $9.68 billion, a P/E ratio of 19.38 and a beta of 1.70. 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 stock’s 50-day simple moving average is $44.81 and its two-hundred day simple moving average is $39.06. Embraer S.A. has a twelve month low of $23.42 and a twelve month high of $56.61.

Embraer (NYSE:ERJ) last announced its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, equities analysts anticipate 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.