Capital Wealth Planning LLC Increases Stock Position in Embraer S.A. (NYSE:ERJ)

Capital Wealth Planning LLC boosted its stake in Embraer S.A. (NYSE:ERJ) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,013 shares of the aerospace company’s stock after purchasing an additional 7,376 shares during the quarter. Capital Wealth Planning LLC’s holdings in Embraer were worth $3,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Ballentine Partners LLC grew its position in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after acquiring an additional 296 shares during the last quarter. Townsquare Capital LLC grew its position in Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after acquiring an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its position in Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 338 shares during the last quarter. LVW Advisors LLC grew its position in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after acquiring an additional 340 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 395 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Performance

Shares of ERJ stock opened at $47.60 on Friday. The stock has a fifty day moving average of $40.25 and a 200 day moving average of $37.09. Embraer S.A. has a 52 week low of $19.08 and a 52 week high of $48.40. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 17.50 and a beta of 1.71. 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 (NYSE:ERJ) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. As a group, research analysts expect that Embraer S.A. will post 2.04 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on ERJ shares. Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.