Macquarie Group Ltd. bought a new stake in Embraer SA (NYSE:ERJ) during the second quarter, Holdings Channel reports. The firm bought 5,188 shares of the company’s stock, valued at approximately $113,000.
Several other hedge funds have also recently bought and sold shares of ERJ. M&T Bank Corp raised its stake in Embraer SA by 6.4% in the second quarter. M&T Bank Corp now owns 63,912 shares of the company’s stock valued at $1,389,000 after buying an additional 3,870 shares during the last quarter. Telemus Capital LLC increased its position in shares of Embraer SA by 17.5% in the second quarter. Telemus Capital LLC now owns 9,332 shares of the company’s stock worth $203,000 after buying an additional 1,388 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Embraer SA by 181.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,978 shares of the company’s stock worth $608,000 after buying an additional 18,027 shares during the period. Westpac Banking Corp bought a new position in shares of Embraer SA during the second quarter worth $763,000. Finally, Natixis increased its position in shares of Embraer SA by 71.1% in the first quarter. Natixis now owns 23,096 shares of the company’s stock worth $609,000 after buying an additional 9,595 shares during the period. Hedge funds and other institutional investors own 51.93% of the company’s stock.
Shares of Embraer SA (NYSE:ERJ) opened at 17.88 on Thursday. Embraer SA has a 12-month low of $17.13 and a 12-month high of $32.50. The stock has a market capitalization of $13.14 billion, a P/E ratio of 496.67 and a beta of 0.83. The firm’s 50-day moving average is $18.23 and its 200 day moving average is $21.06.
Embraer SA (NYSE:ERJ) last announced its quarterly earnings data on Friday, July 29th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of $0.50 by $1.04. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Embraer SA had a net margin of 0.10% and a return on equity of 3.74%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. On average, equities research analysts forecast that Embraer SA will post $1.04 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Embraer SA from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Drexel Hamilton reissued a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. Deutsche Bank AG cut their price target on shares of Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, June 13th. Bank of America Corp. raised shares of Embraer SA from a “neutral” rating to a “buy” rating in a report on Thursday, June 16th. They noted that the move was a valuation call. Finally, HSBC downgraded shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.17.
Embraer SA Company Profile
Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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