Envestnet Asset Management Inc. Has $8.88 Million Stake in Embraer S.A. (NYSE:ERJ)

Envestnet Asset Management Inc. grew its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 242,047 shares of the aerospace company's stock after buying an additional 22,603 shares during the quarter. Envestnet Asset Management Inc. owned 0.13% of Embraer worth $8,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Carrhae Capital LLP grew its stake 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. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Embraer by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after purchasing an additional 176,182 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $42,313,000. TimesSquare Capital Management LLC boosted its holdings in shares of Embraer by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock valued at $36,547,000 after purchasing an additional 334,206 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted 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 valued at $30,247,000 after purchasing an additional 746,758 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer Stock Up 0.6 %

NYSE ERJ traded up $0.25 during trading hours on Thursday, hitting $44.50. The company had a trading volume of 118,394 shares, compared to its average volume of 1,606,256. Embraer S.A. has a fifty-two week low of $24.02 and a fifty-two week high of $56.61. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 16.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm's 50 day moving average is $46.38 and its 200 day moving average is $40.59.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. Sell-side analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ERJ shares. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. The Goldman Sachs Group increased their price target on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Finally, UBS Group reissued a "sell" rating on shares of Embraer in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Embraer presently has an average rating of "Moderate Buy" and an average target price of $44.50.

Embraer Company 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.