Sei Investments Co. raised its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,423 shares of the aerospace company's stock after acquiring an additional 41,143 shares during the period. Sei Investments Co. owned approximately 0.13% of Embraer worth $8,782,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock valued at $6,514,000 after acquiring an additional 8,938 shares during the period. Ninety One North America Inc. increased its holdings in Embraer by 14.5% in the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock valued at $3,098,000 after buying an additional 10,665 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Embraer by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after acquiring an additional 18,656 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Embraer in the 4th quarter worth about $243,000. Finally, Thrivent Financial for Lutherans purchased a new position in Embraer during the third quarter worth approximately $981,000. 34.65% of the stock is owned by hedge funds and other institutional investors.
Embraer Trading Down 1.4 %
Shares of Embraer stock traded down $0.65 during trading hours on Thursday, hitting $45.18. The company's stock had a trading volume of 2,978,381 shares, compared to its average volume of 1,578,833. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 16.61 and a beta of 1.70. Embraer S.A. has a twelve month low of $23.42 and a twelve month high of $56.61. The firm has a fifty day moving average of $46.17 and a 200-day moving average of $39.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.
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 analysts' consensus estimates 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. Research analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.
Analyst Ratings Changes
A number of research analysts recently weighed in on ERJ shares. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. TD Cowen raised shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. The Goldman Sachs Group increased their price target on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.50.
Check Out Our Latest Analysis on ERJ
About Embraer
(
Free Report)
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.
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