EverSource Wealth Advisors LLC Has $329,000 Stake in Embraer S.A. (NYSE:ERJ)

EverSource Wealth Advisors LLC raised its position in shares of Embraer S.A. (NYSE:ERJ) by 680.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,970 shares of the aerospace company’s stock after purchasing an additional 7,820 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Embraer were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new position in Embraer during the 4th quarter valued at about $28,000. SPX Gestao de Recursos Ltda acquired a new position in Embraer in the 4th quarter valued at approximately $37,000. Lindbrook Capital LLC lifted its position in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after buying an additional 389 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Embraer during the 4th quarter valued at $71,000. Finally, 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 valued at $122,000 after acquiring an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ERJ shares. The Goldman Sachs Group raised their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America increased their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Embraer has an average rating of “Moderate Buy” and an average price target of $43.60.

Embraer Stock Performance

Shares of ERJ opened at $52.42 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a one year low of $22.09 and a one year high of $53.40. The company’s fifty day moving average price is $43.14 and its 200 day moving average price is $38.36. The company has a market capitalization of $9.63 billion, a PE ratio of 19.27 and a beta of 1.70.

Embraer (NYSE:ERJ) last posted its quarterly earnings data 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 business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, analysts expect that Embraer S.A. will post 2.04 earnings per share for the current year.

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.