Yeomans Consulting Group Inc. Purchases New Shares in Embraer S.A. (NYSE:ERJ)

Yeomans Consulting Group Inc. acquired a new position in Embraer S.A. (NYSE:ERJ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,529 shares of the aerospace company’s stock, valued at approximately $276,000.

Several other hedge funds have also modified their holdings of the company. Artemis Investment Management LLP acquired a new position in Embraer in the 3rd quarter worth about $30,358,000. Driehaus Capital Management LLC increased its position in shares of Embraer by 102.5% in the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after buying an additional 728,592 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares during the period. Itau Unibanco Holding S.A. lifted its position in shares of Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after buying an additional 393,696 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Embraer by 76.5% during the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after buying an additional 308,729 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Bank of America boosted their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group downgraded 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 report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Trading Up 0.6 %

ERJ opened at $41.52 on Friday. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.26 and a beta of 1.71. The company’s 50 day simple moving average is $37.77 and its two-hundred day simple moving average is $34.67. Embraer S.A. has a 1-year low of $17.19 and a 1-year high of $41.90. 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 data 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 for the quarter, compared to the consensus estimate of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same quarter last year, the business posted $0.18 earnings per share. Analysts expect that Embraer S.A. will post 2.06 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.