Axiom Investors LLC DE Purchases 126,500 Shares of Embraer S.A. (NYSE:ERJ)

Axiom Investors LLC DE lifted its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 772,282 shares of the aerospace company's stock after purchasing an additional 126,500 shares during the quarter. Axiom Investors LLC DE owned about 0.42% of Embraer worth $28,327,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Embraer during the fourth quarter worth about $37,000. Lindbrook Capital LLC raised its holdings in shares of Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after acquiring an additional 389 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Embraer in the 4th quarter valued at about $71,000. Finally, Quantbot Technologies LP acquired a new position in Embraer during the 4th quarter valued at about $121,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Performance

Embraer stock traded down $3.53 during mid-day trading on Friday, reaching $41.64. 4,170,290 shares of the company's stock were exchanged, compared to its average volume of 1,587,386. The business's fifty day simple moving average is $46.18 and its 200 day simple moving average is $39.87. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61. The firm has a market capitalization of $7.65 billion, a PE ratio of 15.31 and a beta of 1.36.

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Embraer (NYSE:ERJ - Get Free Report) last released its 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 company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, sell-side analysts expect that Embraer S.A. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.