RPg Family Wealth Advisory LLC Has $18.44 Million Position in Embraer-Empresa Brasileira de Aeronautica $EMBJ

RPg Family Wealth Advisory LLC grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) by 2.7% during the 2nd quarter, Holdings Channel reports. The firm owned 289,032 shares of the aerospace company’s stock after buying an additional 7,556 shares during the period. Embraer-Empresa Brasileira de Aeronautica comprises about 2.9% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 5th biggest position. RPg Family Wealth Advisory LLC’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $18,440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EMBJ. Itau Unibanco Holding S.A. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $68,460,000. Ameriprise Financial Inc. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 20.7% during the third quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company’s stock worth $58,644,000 after buying an additional 166,489 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $28,696,000. Vaughan Nelson Investment Management L.P. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the first quarter worth $21,687,000. Finally, Russell Investments Group Ltd. bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $21,288,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.2%

EMBJ opened at $72.69 on Monday. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $53.56 and a 1-year high of $80.75. The stock’s fifty day simple moving average is $68.64 and its 200 day simple moving average is $64.84. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61. The stock has a market cap of $13.13 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.44.

Analysts Set New Price Targets

A number of research analysts have recently commented on EMBJ shares. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Scotiabank began coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price on the stock. Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.00.

About Embraer-Empresa Brasileira de Aeronautica

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.