Comgest Global Investors S.A.S. grew its position in Embraer SA (NYSE:ERJ) by 43.9% in the first quarter, HoldingsChannel.com reports. The firm owned 51,100 shares of the aerospace company’s stock after acquiring an additional 15,600 shares during the period. Comgest Global Investors S.A.S.’s holdings in Embraer were worth $971,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in shares of Embraer by 36.0% in the first quarter. Quadrant Capital Group LLC now owns 2,508 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 664 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Embraer in the fourth quarter valued at $112,000. National Asset Management Inc. purchased a new stake in shares of Embraer in the fourth quarter valued at $209,000. PNC Financial Services Group Inc. raised its stake in shares of Embraer by 5.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the aerospace company’s stock valued at $213,000 after acquiring an additional 534 shares during the period. Finally, Holistic Financial Partners raised its stake in shares of Embraer by 17.8% in the first quarter. Holistic Financial Partners now owns 12,455 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 1,879 shares during the period. 45.08% of the stock is currently owned by hedge funds and other institutional investors.
NYSE ERJ opened at $18.41 on Monday. The company has a current ratio of 2.25, a quick ratio of 1.29 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $3.37 billion, a PE ratio of -61.37 and a beta of -0.25. Embraer SA has a 12 month low of $16.81 and a 12 month high of $27.70.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. ValuEngine raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Embraer currently has a consensus rating of “Hold” and a consensus target price of $26.75.
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Embraer Company Profile
Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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