Ninety One North America Inc. Has $3.10 Million Position in Embraer S.A. (NYSE:ERJ)

Ninety One North America Inc. grew its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,451 shares of the aerospace company's stock after purchasing an additional 10,665 shares during the quarter. Ninety One North America Inc.'s holdings in Embraer were worth $3,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after buying an additional 456 shares during the last quarter. Signaturefd LLC raised its position in shares of Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock valued at $201,000 after acquiring an additional 414 shares during the period. Brendel Financial Advisors LLC bought a new position in Embraer during the 3rd quarter worth approximately $202,000. Integrated Wealth Concepts LLC acquired a new position in Embraer during the third quarter valued at approximately $242,000. Finally, OneDigital Investment Advisors LLC bought a new stake in Embraer in the third quarter valued at approximately $252,000. 34.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ERJ. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and raised their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen raised Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Embraer presently has an average rating of "Moderate Buy" and a consensus price target of $40.50.

Embraer Stock Down 3.9 %

ERJ stock traded down $1.72 during midday trading on Friday, hitting $42.93. The company's stock had a trading volume of 1,312,915 shares, compared to its average volume of 1,183,752. The company's fifty day moving average price is $38.37 and its 200 day moving average price is $35.53. Embraer S.A. has a twelve month low of $17.19 and a twelve month high of $46.10. 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 stock has a market capitalization of $7.88 billion, a P/E ratio of 15.78 and a beta of 1.71.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.92. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.63 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. During the same period last year, the company earned $0.18 earnings per share. As a group, equities research analysts predict that Embraer S.A. will post 2.06 EPS for the current year.

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.