Chesapeake Capital Corp IL Invests $835,000 in Embraer S.A. (NYSE:ERJ)

Chesapeake Capital Corp IL acquired a new stake in Embraer S.A. (NYSE:ERJ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 45,265 shares of the aerospace company’s stock, valued at approximately $835,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Preferred LLC acquired a new position in shares of Embraer during the fourth quarter worth approximately $28,000. Bruce G. Allen Investments LLC acquired a new position in Embraer during the 4th quarter worth $47,000. Blue Trust Inc. grew its stake in shares of Embraer by 189.6% in the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares in the last quarter. MQS Management LLC acquired a new position in shares of Embraer during the third quarter valued at $142,000. Finally, Hsbc Holdings PLC raised its stake in shares of Embraer by 13.1% during the third quarter. Hsbc Holdings PLC now owns 15,982 shares of the aerospace company’s stock valued at $219,000 after purchasing an additional 1,850 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Trading Down 0.8 %

Shares of NYSE ERJ traded down $0.24 during mid-day trading on Friday, reaching $29.12. The company had a trading volume of 1,096,245 shares, compared to its average volume of 1,985,075. The company has a 50-day moving average price of $26.40 and a two-hundred day moving average price of $21.18. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 1.65. Embraer S.A. has a 1-year low of $12.48 and a 1-year high of $31.12.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.15. Embraer had a return on equity of 5.43% and a net margin of 4.84%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, research analysts expect that Embraer S.A. will post 1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ERJ. Morgan Stanley boosted their price target on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. UBS Group restated a “neutral” rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. JPMorgan Chase & Co. lifted their price target on Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. The Goldman Sachs Group raised their target price on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.75.

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.