Connor Clark & Lunn Investment Management Ltd. Acquires 746,758 Shares of Embraer S.A. (NYSE:ERJ)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 959.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 824,607 shares of the aerospace company's stock after purchasing an additional 746,758 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.45% of Embraer worth $30,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. bought a new position in Embraer during the fourth quarter valued at about $42,313,000. Victory Capital Management Inc. acquired a new position in shares of Embraer during the 4th quarter valued at about $25,024,000. Jennison Associates LLC raised its stake in shares of Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock valued at $47,100,000 after acquiring an additional 672,644 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Embraer by 54.8% in 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 acquiring an additional 393,696 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in Embraer by 50.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock worth $36,547,000 after purchasing an additional 334,206 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

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Analyst Upgrades and Downgrades

ERJ has been the topic of several analyst reports. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and increased their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Bank of America lifted their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday. Finally, The Goldman Sachs Group lifted their price objective on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.00.

Embraer Stock Performance

Embraer stock traded up $0.50 during mid-day trading on Thursday, reaching $51.10. The company had a trading volume of 1,649,886 shares, compared to its average volume of 1,572,970. The company has a 50 day moving average of $42.57 and a 200-day moving average of $38.11. Embraer S.A. has a 52 week low of $22.04 and a 52 week high of $53.19. 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 firm has a market cap of $9.38 billion, a price-to-earnings ratio of 18.79 and a beta of 1.70.

Embraer (NYSE:ERJ - Get Free Report) last released its 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 business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. On average, sell-side analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal 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.