AGF Management Ltd. Has $12.17 Million Stock Holdings in Embraer S.A. (NYSE:ERJ)

AGF Management Ltd. lowered its position in Embraer S.A. (NYSE:ERJ) by 33.3% during the 4th quarter, Holdings Channel reports. The fund owned 331,773 shares of the aerospace company’s stock after selling 165,772 shares during the period. AGF Management Ltd.’s holdings in Embraer were worth $12,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in Embraer during the fourth quarter worth $42,313,000. Victory Capital Management Inc. purchased a new stake in Embraer in the fourth quarter worth $25,024,000. Jennison Associates LLC increased its position in Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Embraer by 54.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after buying an additional 393,696 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its position in shares of Embraer by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock valued at $36,547,000 after purchasing an additional 334,206 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Embraer Trading Down 0.7 %

Shares of ERJ stock opened at $50.66 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $42.29 and a two-hundred day moving average price of $38.02. Embraer S.A. has a 12-month low of $20.74 and a 12-month high of $53.19. The firm has a market cap of $9.30 billion, a P/E ratio of 18.63 and a beta of 1.70.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating the consensus estimate 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%. Equities analysts anticipate that Embraer S.A. will post 2.04 EPS 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.