Lindbrook Capital LLC Acquires 389 Shares of Embraer S.A. (NYSE:ERJ)

Lindbrook Capital LLC boosted its holdings in Embraer S.A. (NYSE:ERJ) by 32.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,572 shares of the aerospace company’s stock after acquiring an additional 389 shares during the quarter. Lindbrook Capital LLC’s holdings in Embraer were worth $58,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ERJ. Jones Financial Companies Lllp bought a new stake in Embraer in the fourth quarter valued at about $28,000. Venturi Wealth Management LLC bought a new stake in Embraer in the fourth quarter valued at about $71,000. US Bancorp DE increased its stake in Embraer by 13.4% in 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. Truist Financial Corp increased its stake in Embraer by 8.1% in 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. Finally, Integrated Wealth Concepts LLC bought a new stake in Embraer in the third quarter valued at about $242,000. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

ERJ opened at $51.04 on Friday. Embraer S.A. has a one year low of $20.74 and a one year high of $53.19. 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 company’s 50 day simple moving average is $41.72 and its 200-day simple moving average is $37.74. The stock has a market capitalization of $9.37 billion, a P/E ratio of 18.76 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its quarterly 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 net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $2.31 billion for 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 analysts have weighed in on ERJ shares. Bank of America upped their price objective 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. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Sunday, March 2nd. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.