National Wealth Management Group LLC Invests $223,000 in Embraer S.A. (NYSE:ERJ)

National Wealth Management Group LLC bought a new stake in Embraer S.A. (NYSE:ERJ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,061 shares of the aerospace company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brandes Investment Partners LP lifted its position in Embraer by 1.6% during the third quarter. Brandes Investment Partners LP now owns 17,880,297 shares of the aerospace company’s stock valued at $245,318,000 after purchasing an additional 285,282 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Embraer by 69.3% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,431,059 shares of the aerospace company’s stock valued at $19,634,000 after buying an additional 586,027 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Embraer during the 3rd quarter valued at approximately $9,884,000. Beck Bode LLC increased its holdings in Embraer by 6.7% in the 3rd quarter. Beck Bode LLC now owns 456,511 shares of the aerospace company’s stock worth $6,263,000 after acquiring an additional 28,726 shares in the last quarter. Finally, Ramirez Asset Management Inc. bought a new stake in Embraer during the 3rd quarter worth approximately $4,137,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. The Goldman Sachs Group lifted their target price on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. HSBC downgraded Embraer from a “buy” rating to a “hold” rating and upped their price target for the stock from $18.00 to $19.00 in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Tuesday, March 26th. Finally, UBS Group reiterated a “neutral” rating and issued a $28.50 target price (up from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and a consensus target price of $29.75.

Embraer Stock Up 1.6 %

Shares of NYSE:ERJ traded up $0.39 during trading on Tuesday, reaching $24.59. The company’s stock had a trading volume of 855,811 shares, compared to its average volume of 1,557,617. The firm’s 50 day simple moving average is $22.80 and its two-hundred day simple moving average is $18.92. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91. Embraer S.A. has a 12 month low of $12.48 and a 12 month high of $27.25.

Embraer (NYSE:ERJ) last released its earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.15. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 2.80% and a net margin of 3.11%. Sell-side analysts expect that Embraer S.A. will post 1.36 earnings per share 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.