Aubrey Capital Management Ltd Takes $6.40 Million Position in Embraer S.A. (NYSE:ERJ)

Aubrey Capital Management Ltd purchased a new stake in shares of Embraer S.A. (NYSE:ERJ) during the first quarter, Holdings Channel reports. The fund purchased 138,600 shares of the aerospace company’s stock, valued at approximately $6,403,000. Embraer accounts for approximately 2.6% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Embraer by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after acquiring an additional 8,938 shares during the period. QRG Capital Management Inc. bought a new position in Embraer in the 4th quarter worth $243,000. Quantinno Capital Management LP bought a new position in Embraer in the 4th quarter worth $227,000. Truist Financial Corp raised its holdings in Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 470 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Embraer by 132.0% in the 4th quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company’s stock worth $5,814,000 after acquiring an additional 90,187 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Up 4.1%

ERJ opened at $49.76 on Friday. 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 cap of $9.14 billion, a price-to-earnings ratio of 18.29 and a beta of 1.68. The firm has a 50 day simple moving average of $46.05 and a 200 day simple moving average of $43.54. Embraer S.A. has a fifty-two week low of $25.24 and a fifty-two week high of $56.61.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.19. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Embraer’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.48) earnings per share. On average, sell-side analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Embraer Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were paid a dividend of $0.049 per share. The ex-dividend date of this dividend was Friday, May 16th. Embraer’s dividend payout ratio (DPR) is 1.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group reiterated a “sell” rating and issued a $39.00 target price (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. Wall Street Zen lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Hsbc Global Res raised shares of Embraer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. HSBC raised shares of Embraer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their target price on shares of Embraer from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.40.

About Embraer

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.