JPMorgan Chase & Co. Has $17.02 Million Stake in Embraer S.A. (NYSE:ERJ)

JPMorgan Chase & Co. increased its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 109.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 464,002 shares of the aerospace company's stock after acquiring an additional 242,649 shares during the quarter. JPMorgan Chase & Co. owned about 0.25% of Embraer worth $17,020,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Carrhae Capital LLP raised its position in shares of Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after buying an additional 866,919 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer in the 4th quarter worth approximately $42,313,000. TimesSquare Capital Management LLC grew its holdings in shares of Embraer by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock worth $36,547,000 after purchasing an additional 334,206 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Embraer by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after purchasing an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Embraer during the fourth quarter valued at approximately $25,024,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Performance

NYSE ERJ traded up $0.77 on Thursday, hitting $43.33. 109,720 shares of the stock were exchanged, compared to its average volume of 1,613,506. Embraer S.A. has a 52 week low of $23.57 and a 52 week high of $56.61. The company has a market capitalization of $7.96 billion, a PE ratio of 15.92 and a beta of 1.36. The business's fifty day moving average is $46.25 and its 200 day moving average is $40.28. 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 (NYSE:ERJ - Get Free Report) last posted its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ERJ shares. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report 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 note on Monday, March 3rd. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Embraer presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

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.