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.
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.
TRADEMARK VIOLATION NOTICE: “95,545 Shares in Embraer SA (ERJ) Purchased by Macquarie Group Ltd.” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2017/12/06/95545-shares-in-embraer-sa-erj-purchased-by-macquarie-group-ltd.html.
What are top analysts saying about Embraer SA? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Embraer SA and related companies.