Sei Investments Co. Boosts Stake in Embraer S.A. (NYSE:ERJ)

Sei Investments Co. lifted its holdings in Embraer S.A. (NYSE:ERJ) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,423 shares of the aerospace company’s stock after purchasing an additional 41,143 shares during the period. Sei Investments Co. owned about 0.13% of Embraer worth $8,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new stake in Embraer in the fourth quarter valued at approximately $28,000. SPX Gestao de Recursos Ltda acquired a new stake in Embraer in the 4th quarter valued at $37,000. Lindbrook Capital LLC grew its stake in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares during the period. Venturi Wealth Management LLC purchased a new stake in Embraer in the 4th quarter worth $71,000. Finally, Quantbot Technologies LP acquired a new position in Embraer during the fourth quarter worth $121,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Down 2.6 %

ERJ opened at $46.26 on Monday. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 17.01 and a beta of 1.70. The company’s 50 day simple moving average is $45.77 and its two-hundred day simple moving average is $39.61. Embraer S.A. has a 1-year low of $23.42 and a 1-year high of $56.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. Analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ERJ has been the subject of a number of research reports. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Wolfe Research reissued a “peer perform” rating on shares of Embraer in a report on Monday, March 24th. Finally, The Goldman Sachs Group lifted their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

About Embraer

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.