HighTower Advisors LLC Raises Position in Embraer S.A. (NYSE:ERJ)

HighTower Advisors LLC grew its position in shares of Embraer S.A. (NYSE:ERJ) by 151.1% during the fourth quarter, Holdings Channel reports. The fund owned 41,522 shares of the aerospace company’s stock after purchasing an additional 24,986 shares during the period. HighTower Advisors LLC’s holdings in Embraer were worth $1,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ERJ. Jones Financial Companies Lllp purchased a new stake in Embraer in the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Embraer in the 4th quarter worth about $37,000. Lindbrook Capital LLC increased its stake in shares of Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Embraer during the 4th quarter valued at about $71,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Embraer during the fourth quarter worth about $124,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Shares of NYSE:ERJ opened at $49.47 on Tuesday. The company has a market capitalization of $9.09 billion, a P/E ratio of 18.19 and a beta of 1.70. 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’s 50 day simple moving average is $45.05 and its two-hundred day simple moving average is $39.23. Embraer S.A. has a 1-year low of $23.42 and a 1-year high of $56.61.

Embraer (NYSE:ERJ) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Research analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.