Carrhae Capital LLP Acquires 866,919 Shares of Embraer S.A. (NYSE:ERJ)

Carrhae Capital LLP boosted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 48.1% in the fourth quarter, HoldingsChannel reports. The fund owned 2,670,740 shares of the aerospace company’s stock after buying an additional 866,919 shares during the quarter. Embraer accounts for 8.2% of Carrhae Capital LLP’s portfolio, making the stock its 2nd biggest holding. Carrhae Capital LLP’s holdings in Embraer were worth $97,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ballentine Partners LLC raised its holdings in shares of Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after acquiring an additional 296 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after buying an additional 310 shares during the last quarter. LVW Advisors LLC grew its stake in shares of Embraer by 3.3% in the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after buying an additional 340 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of 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 buying an additional 389 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock worth $122,000 after buying an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

NYSE:ERJ opened at $49.47 on Tuesday. The firm has a market capitalization of $9.09 billion, a PE ratio of 18.19 and a beta of 1.70. Embraer S.A. has a 1 year low of $23.42 and a 1 year high of $56.61. 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’s fifty day simple moving average is $45.05 and its 200 day simple moving average is $39.23.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. On average, sell-side analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

Analysts Set New Price Targets

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