Ibex Wealth Advisors Buys New Stake in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Ibex Wealth Advisors purchased a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,439 shares of the aerospace company’s stock, valued at approximately $4,792,000.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth $502,000. Jones Financial Companies Lllp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after buying an additional 747 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 99.2% in the 2nd quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock valued at $956,000 after acquiring an additional 8,365 shares during the last quarter. Ameriprise Financial Inc. grew its position in Embraer-Empresa Brasileira de Aeronautica by 1.5% in the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company’s stock worth $45,735,000 after acquiring an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the second quarter worth about $336,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE:EMBJ opened at $59.91 on Wednesday. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.48 and a beta of 1.46. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $46.54 and a 12 month high of $80.75. The firm’s 50-day moving average is $61.06 and its 200 day moving average is $65.19. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (EPS) for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion during the quarter. Research analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.91 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Scotiabank began coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.29.

Embraer-Empresa Brasileira de Aeronautica Profile

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.