Arrowstreet Capital Limited Partnership Acquires 176,182 Shares of Embraer S.A. (NYSE:ERJ)

Arrowstreet Capital Limited Partnership raised its stake in Embraer S.A. (NYSE:ERJ) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,210,060 shares of the aerospace company’s stock after buying an additional 176,182 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Embraer were worth $81,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ERJ. Vaughan Nelson Investment Management L.P. bought a new stake in Embraer in the 4th quarter valued at $42,313,000. Carrhae Capital LLP lifted its holdings in shares of Embraer by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Embraer by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock worth $30,247,000 after buying an additional 746,758 shares during the period. Victory Capital Management Inc. bought a new position in shares of Embraer during the fourth quarter worth about $25,024,000. Finally, Itau Unibanco Holding S.A. raised 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 buying an additional 393,696 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

NYSE ERJ opened at $46.28 on Tuesday. The firm’s fifty day moving average price is $45.91 and its two-hundred day moving average price is $39.68. Embraer S.A. has a 1 year low of $23.42 and a 1 year high of $56.61. The firm has a market capitalization of $8.50 billion, a P/E ratio of 17.01 and a beta of 1.70. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) 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 company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. As a group, research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

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