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

Arrowstreet Capital Limited Partnership increased its stake in shares of Embraer S.A. (NYSE:ERJ) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,210,060 shares of the aerospace company’s stock after buying an additional 176,182 shares during the period. Arrowstreet Capital Limited Partnership owned 1.20% of Embraer worth $81,065,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Embraer during the fourth quarter worth approximately $28,000. SPX Gestao de Recursos Ltda bought a new position in Embraer in the 4th quarter worth approximately $37,000. Lindbrook Capital LLC lifted its holdings in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after buying an additional 389 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Embraer in the 4th quarter valued at $71,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Embraer in the 4th quarter valued at $121,000. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Embraer stock opened at $46.28 on Tuesday. 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 firm has a market capitalization of $8.50 billion, a P/E ratio of 17.01 and a beta of 1.70. The business has a 50-day moving average of $45.91 and a 200-day moving average of $39.68. Embraer S.A. has a 1 year low of $23.42 and a 1 year high of $56.61.

Embraer (NYSE:ERJ) last issued its quarterly earnings data 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. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. On average, equities analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

ERJ has been the topic of several research reports. The Goldman Sachs Group upped their price target on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. TD Cowen raised shares of 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 research report on Monday, March 24th. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.