Banco BTG Pactual S.A. Acquires New Shares in Embraer S.A. (NYSE:ERJ)

Banco BTG Pactual S.A. acquired a new stake in Embraer S.A. (NYSE:ERJ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 251,025 shares of the aerospace company’s stock, valued at approximately $4,662,000. Embraer makes up 0.6% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds also recently bought and sold shares of ERJ. Advisors Preferred LLC purchased a new position in Embraer during the fourth quarter worth $28,000. Bruce G. Allen Investments LLC purchased a new position in Embraer during the fourth quarter worth $47,000. Blue Trust Inc. increased its position in Embraer by 189.6% during the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after buying an additional 1,678 shares in the last quarter. MQS Management LLC purchased a new position in Embraer during the third quarter worth $142,000. Finally, Hsbc Holdings PLC increased its position in Embraer by 13.1% during the third quarter. Hsbc Holdings PLC now owns 15,982 shares of the aerospace company’s stock worth $219,000 after buying an additional 1,850 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of ERJ traded down $0.31 during mid-day trading on Friday, reaching $27.79. 1,299,620 shares of the stock traded hands, compared to its average volume of 1,714,945. The stock has a fifty day simple moving average of $26.73 and a 200 day simple moving average of $21.58. Embraer S.A. has a 12-month low of $12.48 and a 12-month high of $31.12. The company has a current ratio of 1.65, a quick ratio of 0.93 and a debt-to-equity ratio of 0.91.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.05. Embraer had a return on equity of 5.43% and a net margin of 4.84%. The firm had revenue of $896.60 million for the quarter, compared to analysts’ expectations of $883.92 million. On average, equities research analysts predict that Embraer S.A. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. HSBC downgraded Embraer from a “buy” rating to a “hold” rating and raised their price target for the stock from $18.00 to $19.00 in a research report on Tuesday, February 6th. Morgan Stanley lifted their target price on Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upped their price target on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. The Goldman Sachs Group raised their price target on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and a consensus target price of $29.75.

Embraer 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.