Ninety One North America Inc. Purchases 10,665 Shares of Embraer S.A. (NYSE:ERJ)

Ninety One North America Inc. increased its position in shares of Embraer S.A. (NYSE:ERJ) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,451 shares of the aerospace company’s stock after purchasing an additional 10,665 shares during the period. Ninety One North America Inc.’s holdings in Embraer were worth $3,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ERJ. Jennison Associates LLC grew its stake in Embraer by 102.1% during the third 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. grew its stake in Embraer by 54.8% during the third 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. Artemis Investment Management LLP purchased a new position in Embraer during the third quarter valued at $30,358,000. State Street Corp grew its stake in Embraer by 1.3% during the third quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock valued at $13,040,000 after acquiring an additional 4,666 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC purchased a new position in Embraer during the third quarter valued at $10,767,000. 34.65% of the stock is currently owned by institutional investors.

Embraer Price Performance

ERJ stock opened at $40.48 on Tuesday. Embraer S.A. has a 12 month low of $17.19 and a 12 month high of $41.90. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $38.10 and a 200 day moving average price of $35.32. The stock has a market cap of $7.43 billion, a PE ratio of 14.90 and a beta of 1.71.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Friday, November 8th. The aerospace company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.92. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the company earned $0.18 EPS. Equities research analysts anticipate that Embraer S.A. will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

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.