Sei Investments Co. Raises Holdings in Embraer S.A. (NYSE:ERJ)

Sei Investments Co. grew its holdings in Embraer S.A. (NYSE:ERJ) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,423 shares of the aerospace company’s stock after purchasing an additional 41,143 shares during the period. Sei Investments Co.’s holdings in Embraer were worth $8,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans acquired a new position in Embraer in the third quarter valued at about $981,000. Citigroup Inc. lifted its holdings in shares of Embraer by 2.9% in the 3rd quarter. Citigroup Inc. now owns 117,605 shares of the aerospace company’s stock worth $4,160,000 after acquiring an additional 3,354 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after purchasing an additional 310 shares during the period. Paloma Partners Management Co acquired a new stake in Embraer in the 3rd quarter valued at approximately $753,000. Finally, Itau Unibanco Holding S.A. raised its position in Embraer by 54.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after purchasing an additional 393,696 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of NYSE ERJ opened at $46.26 on Monday. 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 market cap of $8.50 billion, a price-to-earnings ratio of 17.01 and a beta of 1.70. The stock’s 50-day moving average is $45.77 and its two-hundred day moving average is $39.61. Embraer S.A. has a 1-year low of $23.42 and a 1-year high of $56.61.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Analysts forecast that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ERJ. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their target price on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

About Embraer

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.