Axiom Investors LLC DE Buys 126,500 Shares of Embraer S.A. (NYSE:ERJ)

Axiom Investors LLC DE lifted its stake in Embraer S.A. (NYSE:ERJ) by 19.6% during the fourth quarter, Holdings Channel reports. The fund owned 772,282 shares of the aerospace company’s stock after acquiring an additional 126,500 shares during the quarter. Axiom Investors LLC DE’s holdings in Embraer were worth $28,327,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its position in shares of Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after purchasing an additional 296 shares during the last quarter. Townsquare Capital LLC increased its position in Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after buying an additional 310 shares during the period. LVW Advisors LLC lifted its holdings in shares of Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 389 shares during the period. Finally, US Bancorp DE grew its stake in shares of Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock worth $122,000 after acquiring an additional 395 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Embraer Price Performance

Embraer stock opened at $46.26 on Monday. The business has a 50 day simple moving average of $45.77 and a 200 day simple moving average of $39.61. 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 capitalization of $8.50 billion, a PE ratio of 17.01 and a beta of 1.70. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61.

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

Embraer 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.