Embraer S.A. (NYSE:ERJ) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 514.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,168 shares of the aerospace company's stock after buying an additional 176,826 shares during the period. Trexquant Investment LP owned 0.11% of Embraer worth $7,746,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Ballentine Partners LLC raised its stake in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock worth $279,000 after purchasing an additional 296 shares during the period. LVW Advisors LLC raised its position in shares of Embraer by 3.3% in the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock worth $391,000 after buying an additional 340 shares during the period. Lindbrook Capital LLC raised its position 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 worth $58,000 after buying an additional 389 shares during the period. US Bancorp DE grew its position in Embraer by 13.4% during the fourth 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 during the period. Finally, Truist Financial Corp grew its position in Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 470 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. Finally, TD Cowen raised shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.50.

Embraer Stock Up 6.9 %

Shares of NYSE ERJ traded up $2.78 during trading on Wednesday, reaching $43.20. 2,606,192 shares of the stock were exchanged, compared to its average volume of 1,606,267. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 15.88 and a beta of 1.36. The business's 50-day moving average price is $46.28 and its 200 day moving average price is $40.10. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a twelve month low of $23.42 and a twelve month high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping 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 firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, equities analysts forecast that Embraer S.A. will post 2.04 EPS for the current fiscal 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.