Ellington Management Group LLC reduced its stake in shares of Embraer SA (NYSE:ERJ) by 49.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,400 shares of the aerospace company’s stock after selling 20,700 shares during the quarter. Ellington Management Group LLC’s holdings in Embraer were worth $512,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Mondrian Investment Partners LTD raised its position in Embraer by 72.6% during the fourth quarter. Mondrian Investment Partners LTD now owns 18,728,759 shares of the aerospace company’s stock valued at $448,179,000 after acquiring an additional 7,877,076 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Embraer during the third quarter valued at approximately $49,590,000. Arrowstreet Capital Limited Partnership bought a new position in Embraer during the fourth quarter valued at approximately $25,940,000. Brandes Investment Partners LP raised its position in Embraer by 3.1% during the fourth quarter. Brandes Investment Partners LP now owns 18,089,729 shares of the aerospace company’s stock valued at $432,887,000 after acquiring an additional 539,953 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Embraer by 92.2% during the third quarter. Ameriprise Financial Inc. now owns 1,123,279 shares of the aerospace company’s stock valued at $25,383,000 after acquiring an additional 538,997 shares in the last quarter. Institutional investors and hedge funds own 48.05% of the company’s stock.
Several equities analysts recently weighed in on ERJ shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of Embraer in a research report on Tuesday, December 26th. ValuEngine raised shares of Embraer from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. Cowen reaffirmed a “hold” rating and set a $28.00 price objective on shares of Embraer in a research report on Monday, January 22nd. TheStreet raised shares of Embraer from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Finally, Scotiabank reaffirmed a “hold” rating and set a $24.00 price objective on shares of Embraer in a research report on Friday, March 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Embraer has a consensus rating of “Hold” and a consensus target price of $24.43.
Embraer SA (NYSE ERJ) opened at $25.89 on Thursday. Embraer SA has a 52-week low of $17.58 and a 52-week high of $28.55. The company has a market cap of $4,875.64, a P/E ratio of 19.32, a PEG ratio of 1.65 and a beta of 0.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.53 and a quick ratio of 1.76.
Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, March 8th. The aerospace company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.37). Embraer had a net margin of 4.23% and a return on equity of 6.82%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business earned $1.06 EPS. The company’s revenue for the quarter was down 14.5% compared to the same quarter last year. sell-side analysts forecast that Embraer SA will post 0.94 EPS for the current year.
The company also recently declared a special dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Tuesday, March 20th will be given a $0.0248 dividend. The ex-dividend date is Monday, March 19th. Embraer’s dividend payout ratio is 26.12%.
Embraer Company Profile
Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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