Man Group plc Has $6.18 Million Stock Holdings in Embraer S.A. (NYSE:ERJ)

Man Group plc lifted its holdings in Embraer S.A. (NYSE:ERJ) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,345 shares of the aerospace company’s stock after buying an additional 5,291 shares during the period. Man Group plc owned about 0.09% of Embraer worth $6,175,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Embraer by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after acquiring an additional 8,938 shares in the last quarter. Ninety One North America Inc. raised its holdings in shares of Embraer by 14.5% during the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after acquiring an additional 10,665 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Embraer during the fourth quarter worth $243,000. Truist Financial Corp raised its holdings in shares of Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 470 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Embraer during the fourth quarter worth $384,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group restated a “sell” rating and set a $39.00 target price (up from $35.00) on shares of Embraer in a report on Thursday, April 24th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Wolfe Research restated a “peer perform” rating on shares of Embraer in a report on Monday, March 24th. Finally, The Goldman Sachs Group raised their target price on Embraer from $54.00 to $60.00 and gave the company a “buy” rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.75.

Embraer Stock Performance

ERJ stock opened at $48.70 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The company has a 50 day moving average price of $46.54 and a 200 day moving average price of $42.40. Embraer S.A. has a fifty-two week low of $25.24 and a fifty-two week high of $56.61. The stock has a market capitalization of $8.94 billion, a PE ratio of 17.90 and a beta of 1.67.

Embraer (NYSE:ERJ) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.48) EPS. Analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a dividend of $0.049 per share. The ex-dividend date is Friday, May 16th. Embraer’s dividend payout ratio (DPR) is presently 1.85%.

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.