Daiwa Securities Group Inc. Has $183,000 Stock Holdings in Embraer S.A. (NYSE:ERJ)

Daiwa Securities Group Inc. decreased its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 83.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the aerospace company's stock after selling 26,000 shares during the period. Daiwa Securities Group Inc.'s holdings in Embraer were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ERJ. Jennison Associates LLC increased its position in 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 during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Embraer in the 4th quarter valued at approximately $42,313,000. Itau Unibanco Holding S.A. increased its position in 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 during the period. TimesSquare Capital Management LLC increased its position in Embraer by 50.5% in the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock valued at $36,547,000 after acquiring an additional 334,206 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Embraer in the 4th quarter valued at approximately $25,024,000. Institutional investors own 34.65% of the company's stock.

Embraer Trading Down 7.0 %

Shares of ERJ traded down $3.93 during trading hours on Thursday, hitting $52.47. 3,859,182 shares of the stock were exchanged, compared to its average volume of 1,542,867. Embraer S.A. has a fifty-two week low of $23.42 and a fifty-two week high of $56.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The business has a 50-day moving average of $44.21 and a 200-day moving average of $38.83. The firm has a market capitalization of $9.64 billion, a P/E ratio of 19.29 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ERJ. The Goldman Sachs Group upped their price target on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.60.

Embraer Company 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.