1,153,560 Shares in Embraer S.A. (NYSE:ERJ) Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer S.A. (NYSE:ERJ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,153,560 shares of the aerospace company’s stock, valued at approximately $42,313,000.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in Embraer by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after acquiring an additional 18,656 shares during the period. Ninety One North America Inc. lifted its stake in Embraer by 14.5% in the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after purchasing an additional 10,665 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Embraer during the third quarter valued at about $10,611,000. Thrivent Financial for Lutherans bought a new position in shares of Embraer during the third quarter valued at about $981,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Embraer during the 4th quarter valued at about $384,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Down 3.9 %

ERJ stock opened at $42.93 on Friday. Embraer S.A. has a 1-year low of $17.19 and a 1-year high of $46.10. The business has a fifty day moving average price of $38.47 and a 200-day moving average price of $35.67. The stock has a market capitalization of $7.88 billion, a P/E ratio of 15.78 and a beta of 1.71. 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) last announced its quarterly earnings results on Friday, November 8th. The aerospace company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.92. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.63 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. During the same period in the previous year, the business posted $0.18 earnings per share. Equities analysts forecast that Embraer S.A. will post 2.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ERJ has been the subject of several research analyst reports. Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Thursday. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Embraer presently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

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.