50,000 Shares in Embraer SA (ERJ) Acquired by BW Gestao de Investimentos Ltda.
BW Gestao de Investimentos Ltda. bought a new position in shares of Embraer SA (NYSE:ERJ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,000 shares of the aerospace company’s stock, valued at approximately $1,107,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of ERJ. Holowesko Partners Ltd. lifted its stake in shares of Embraer by 62.6% in the third quarter. Holowesko Partners Ltd. now owns 2,294,250 shares of the aerospace company’s stock valued at $44,944,000 after buying an additional 883,000 shares in the last quarter. Morgan Stanley lifted its stake in shares of Embraer by 2,209.4% in the third quarter. Morgan Stanley now owns 1,161,686 shares of the aerospace company’s stock valued at $22,758,000 after buying an additional 1,111,383 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Embraer by 265.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,043,600 shares of the aerospace company’s stock valued at $23,095,000 after buying an additional 757,700 shares in the last quarter. Macquarie Group Ltd. lifted its stake in shares of Embraer by 87.8% in the third quarter. Macquarie Group Ltd. now owns 646,164 shares of the aerospace company’s stock valued at $12,658,000 after buying an additional 302,036 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Embraer by 10.3% in the third quarter. BlackRock Inc. now owns 600,853 shares of the aerospace company’s stock valued at $11,772,000 after buying an additional 56,048 shares in the last quarter. 43.99% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on ERJ. Morgan Stanley lowered shares of Embraer from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $24.50 to $24.00 in a research note on Wednesday, January 16th. Credit Suisse Group raised their price objective on shares of Embraer from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Tuesday, December 18th. Cowen reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Embraer in a research note on Thursday, January 17th. ValuEngine lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Zacks Investment Research lowered shares of Embraer from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.75.
Embraer (NYSE:ERJ) last announced its earnings results on Thursday, March 14th. The aerospace company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.10). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Embraer had a negative net margin of 3.51% and a negative return on equity of 1.35%. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, sell-side analysts predict that Embraer SA will post 0.2 EPS for the current year.
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Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Aviation, and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.
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