Legato Capital Management LLC Buys 8,807 Shares of Embraer S.A. (NYSE:ERJ)

Legato Capital Management LLC grew its stake in Embraer S.A. (NYSE:ERJ) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,903 shares of the aerospace company’s stock after acquiring an additional 8,807 shares during the quarter. Legato Capital Management LLC’s holdings in Embraer were worth $2,417,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Embraer during the 3rd quarter worth approximately $242,000. OneDigital Investment Advisors LLC bought a new position in shares of Embraer during the 3rd quarter worth approximately $252,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Embraer in the third quarter valued at approximately $253,000. Finally, Ballentine Partners LLC acquired a new position in Embraer during the third quarter worth $259,000. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

NYSE:ERJ opened at $41.72 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. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 15.34 and a beta of 1.71. Embraer S.A. has a 12-month low of $17.46 and a 12-month high of $46.10. The stock’s 50 day moving average price is $38.64 and its two-hundred day moving average price is $35.90.

Analyst Ratings Changes

ERJ has been the topic of several recent research reports. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and lifted their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

About Embraer

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.