Hsbc Holdings PLC Purchases 98,785 Shares of Embraer S.A. (NYSE:ERJ)

Hsbc Holdings PLC boosted its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 153.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,341 shares of the aerospace company's stock after buying an additional 98,785 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Embraer worth $5,991,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ERJ. Jones Financial Companies Lllp acquired a new stake in shares of Embraer during the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Embraer in the 4th quarter valued at $37,000. Lindbrook Capital LLC boosted its holdings in shares of Embraer by 32.9% in the 4th 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 in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Embraer in the 4th quarter valued at $71,000. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of 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 worth $71,000 after buying an additional 809 shares in the last quarter. 34.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ERJ. UBS Group reaffirmed a "sell" rating and issued a $39.00 price objective (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. The Goldman Sachs Group increased their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Embraer has a consensus rating of "Moderate Buy" and an average target price of $46.25.

Embraer Trading Up 2.1 %

Shares of NYSE:ERJ traded up $0.94 during midday trading on Friday, hitting $46.73. 1,177,785 shares of the stock were exchanged, compared to its average volume of 1,580,386. The business's 50-day moving average price is $46.84 and its 200 day moving average price is $41.28. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 17.18 and a beta of 1.67. Embraer S.A. has a 12 month low of $25.24 and a 12 month high of $56.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Embraer (NYSE:ERJ - Get Free Report) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 8.24% and a return on equity of 11.61%. Analysts predict that Embraer S.A. will post 2.04 earnings per share for the current year.

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.