95,545 Shares in Embraer SA (ERJ) Purchased by Macquarie Group Ltd.

Macquarie Group Ltd. acquired a new position in shares of Embraer SA (NYSE:ERJ) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 95,545 shares of the aerospace company’s stock, valued at approximately $2,160,000. Macquarie Group Ltd. owned about 0.05% of Embraer at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC lifted its stake in shares of Embraer by 2.3% during the 2nd quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 169 shares during the last quarter. Seminole Management Co. Inc. purchased a new stake in shares of Embraer during the 2nd quarter worth $182,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Embraer by 126.4% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,643 shares of the aerospace company’s stock worth $204,000 after purchasing an additional 6,500 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Embraer by 32.6% during the 2nd quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Well Done LLC purchased a new stake in shares of Embraer during the 3rd quarter worth $293,000. Hedge funds and other institutional investors own 50.11% of the company’s stock.

Embraer SA (ERJ) traded up $0.21 during trading on Wednesday, reaching $19.21. The company’s stock had a trading volume of 1,282,600 shares, compared to its average volume of 1,237,502. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67. Embraer SA has a 52 week low of $17.58 and a 52 week high of $24.95. The stock has a market capitalization of $3,489.16, a PE ratio of 8.09, a PEG ratio of 0.62 and a beta of 0.32.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Friday, October 27th. The aerospace company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. Embraer had a return on equity of 10.65% and a net margin of 6.63%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. equities research analysts predict that Embraer SA will post 1.81 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on ERJ shares. TheStreet upgraded Embraer from a “c” rating to a “b-” rating in a research note on Thursday, August 10th. ValuEngine cut Embraer from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Bank of America set a $27.00 price objective on Embraer and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Cowen restated a “hold” rating and set a $24.00 price objective on shares of Embraer in a research note on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.20.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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