Macquarie Group Ltd. grew its holdings in Embraer SA (NYSE:ERJ) by 616.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 684,158 shares of the aerospace company’s stock after acquiring an additional 588,613 shares during the period. Macquarie Group Ltd. owned about 0.37% of Embraer worth $16,372,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Community Financial Services Group LLC lifted its position in shares of Embraer by 3.2% in the fourth quarter. Community Financial Services Group LLC now owns 254,370 shares of the aerospace company’s stock valued at $6,088,000 after acquiring an additional 7,855 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Embraer by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 540,591 shares of the aerospace company’s stock valued at $12,255,000 after acquiring an additional 56,937 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Embraer by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 555,810 shares of the aerospace company’s stock valued at $12,566,000 after acquiring an additional 6,198 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Embraer by 9.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,115,296 shares of the aerospace company’s stock valued at $138,267,000 after acquiring an additional 531,605 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Embraer in the third quarter valued at about $262,000. Institutional investors and hedge funds own 48.05% of the company’s stock.
Shares of Embraer stock opened at $25.51 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.53 and a quick ratio of 1.76. The company has a market capitalization of $4,684.66, a PE ratio of 19.04, a P/E/G ratio of 1.69 and a beta of 0.16. Embraer SA has a 52-week low of $17.58 and a 52-week high of $28.55.
The company also recently announced a special dividend, which will be paid on Wednesday, April 18th. Investors 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 currently 4.48%.
Several equities analysts have recently commented on ERJ shares. TheStreet upgraded Embraer from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Credit Suisse Group downgraded Embraer to a “hold” rating and set a $25.00 target price on the stock. in a research report on Friday, December 22nd. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Embraer in a research report on Thursday, March 8th. ValuEngine upgraded Embraer from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 10th. Finally, Scotiabank reiterated a “hold” rating and issued a $24.00 target price on shares of Embraer in a research report on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.43.
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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