Connor Clark & Lunn Investment Management Ltd. Buys 746,758 Shares of Embraer S.A. (NYSE:ERJ)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Embraer S.A. (NYSE:ERJ) by 959.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 824,607 shares of the aerospace company’s stock after acquiring an additional 746,758 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.45% of Embraer worth $30,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ERJ. State of New Jersey Common Pension Fund D increased its position in Embraer by 27.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 74,721 shares of the aerospace company’s stock worth $2,643,000 after acquiring an additional 15,926 shares during the period. GSA Capital Partners LLP bought a new position in Embraer during the third quarter worth $1,072,000. Future Fund LLC increased its position in Embraer by 36.5% during the third quarter. Future Fund LLC now owns 35,056 shares of the aerospace company’s stock worth $1,164,000 after acquiring an additional 9,365 shares during the period. Angeles Investment Advisors LLC increased its position in Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 338 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new position in Embraer during the third quarter worth $253,000. Institutional investors own 34.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ERJ shares. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Embraer Stock Up 0.0 %

Shares of NYSE:ERJ opened at $50.61 on Thursday. Embraer S.A. has a 52 week low of $21.20 and a 52 week high of $53.19. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company’s fifty day moving average is $42.57 and its 200-day moving average is $38.11. The company has a market capitalization of $9.29 billion, a PE ratio of 18.60 and a beta of 1.70.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS 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 company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Equities research analysts predict that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

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.