Carrhae Capital LLP Purchases 866,919 Shares of Embraer S.A. (NYSE:ERJ)

Carrhae Capital LLP lifted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,670,740 shares of the aerospace company’s stock after buying an additional 866,919 shares during the period. Embraer makes up about 8.2% of Carrhae Capital LLP’s investment portfolio, making the stock its 2nd largest holding. Carrhae Capital LLP owned about 1.45% of Embraer worth $97,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ERJ. Principal Financial Group Inc. raised its position in shares of Embraer by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after buying an additional 8,938 shares in the last quarter. Ninety One North America Inc. increased its stake in shares of Embraer by 14.5% during the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock valued at $3,098,000 after acquiring an additional 10,665 shares during the period. Stifel Financial Corp raised its holdings in Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock worth $2,661,000 after purchasing an additional 18,656 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Embraer during the third quarter worth approximately $10,611,000. Finally, QRG Capital Management Inc. acquired a new stake in Embraer in the fourth quarter worth approximately $243,000. 34.65% of the stock is owned by institutional investors.

Embraer Stock Performance

Shares of NYSE ERJ opened at $49.47 on Tuesday. The stock’s fifty day simple moving average is $45.05 and its 200 day simple moving average is $39.23. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 18.19 and a beta of 1.70. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a 52-week low of $23.42 and a 52-week high of $56.61.

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

Wall Street Analyst Weigh In

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

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.