Arrowstreet Capital Limited Partnership Buys 176,182 Shares of Embraer S.A. (NYSE:ERJ)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,210,060 shares of the aerospace company's stock after buying an additional 176,182 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.20% of Embraer worth $81,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ERJ. Ballentine Partners LLC boosted its stake in Embraer by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock worth $279,000 after purchasing an additional 296 shares during the period. Townsquare Capital LLC boosted its position in shares of Embraer by 1.2% in the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock valued at $920,000 after acquiring an additional 310 shares during the period. LVW Advisors LLC grew its stake in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. Lindbrook Capital LLC grew its stake in Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 389 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Embraer by 13.4% during the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after acquiring an additional 395 shares during the period. 34.65% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of brokerages have recently issued reports on ERJ. TD Cowen upgraded Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. Finally, The Goldman Sachs Group raised their price target on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Embraer Stock Down 8.6 %

Shares of ERJ stock traded down $3.88 during trading hours on Friday, hitting $41.29. 2,712,583 shares of the company's stock traded hands, compared to its average volume of 1,583,736. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The stock's fifty day simple moving average is $46.17 and its two-hundred day simple moving average is $39.83. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $56.61. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 15.18 and a beta of 1.36.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. On average, analysts expect that Embraer S.A. will post 2.04 EPS for the current year.

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.