Bank Julius Baer & Co. Ltd Zurich Buys Shares of 3,063 Embraer S.A. (NYSE:ERJ)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Embraer S.A. (NYSE:ERJ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,063 shares of the aerospace company’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Embraer in the fourth quarter valued at approximately $28,000. Lindbrook Capital LLC raised its position in Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 389 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Embraer in the 4th quarter valued at $71,000. US Bancorp DE grew its holdings in shares of Embraer by 13.4% during the 4th 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 period. Finally, Truist Financial Corp increased its position in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

Embraer stock opened at $50.66 on Wednesday. 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 S.A. has a 52-week low of $20.74 and a 52-week high of $53.19. The firm has a market cap of $9.30 billion, a PE ratio of 18.63 and a beta of 1.70. The company’s 50 day moving average is $42.29 and its two-hundred day moving average is $38.02.

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

Analyst Ratings Changes

A number of research analysts have commented on ERJ shares. Bank of America upped their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. The Goldman Sachs Group lifted their target price on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Monday. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.