Invesco Ltd. Has $45.32 Million Stake in Embraer S.A. (NYSE:ERJ)

Invesco Ltd. lifted its stake in Embraer S.A. (NYSE:ERJ) by 17,140.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,235,635 shares of the aerospace company’s stock after purchasing an additional 1,228,468 shares during the period. Invesco Ltd. owned 0.67% of Embraer worth $45,323,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Embraer in the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda acquired a new stake in Embraer in the fourth quarter worth about $37,000. Lindbrook Capital LLC raised its holdings in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 389 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Embraer during the 4th quarter worth about $71,000. Finally, Edmond DE Rothschild Holding S.A. lifted its position in Embraer by 71.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company’s stock valued at $71,000 after purchasing an additional 809 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Up 2.4 %

Shares of NYSE ERJ opened at $44.12 on Wednesday. Embraer S.A. has a twelve month low of $23.42 and a twelve month high of $56.61. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 16.22 and a beta of 1.36. 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 company’s fifty day moving average is $46.25 and its 200-day moving average is $40.26.

Embraer (NYSE:ERJ) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.47. The firm 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%. Equities research analysts predict that Embraer S.A. will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ERJ shares. Wolfe Research reissued a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. The Goldman Sachs Group upped their target price on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

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.