Ibex Wealth Advisors Makes New $4.79 Million Investment in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Ibex Wealth Advisors bought a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 74,439 shares of the aerospace company’s stock, valued at approximately $4,792,000.

Several other institutional investors and hedge funds also recently bought and sold shares of EMBJ. Captrust Financial Advisors purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $239,000. Fred Alger Management LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $1,087,000. Arax Advisory Partners bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $109,000. Atlas Capital Advisors Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $608,000. Finally, ANB Bank purchased a new stake in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $513,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EMBJ has been the topic of a number of recent analyst reports. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 target price for the company. JPMorgan Chase & Co. decreased their target price on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of “Moderate Buy” and an average target price of $67.29.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE EMBJ opened at $59.91 on Wednesday. The company has a market cap of $10.83 billion, a P/E ratio of 35.04, a P/E/G ratio of 1.48 and a beta of 1.46. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $46.54 and a 52-week high of $80.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48. The firm’s fifty day moving average is $61.06 and its two-hundred day moving average is $65.19.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 EPS for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion during the quarter. As a group, analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.91 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.