Driehaus Capital Management LLC Decreases Position in Embraer S.A. (NYSE:ERJ)

Driehaus Capital Management LLC reduced its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,203,574 shares of the aerospace company's stock after selling 44,781 shares during the period. Driehaus Capital Management LLC owned 1.20% of Embraer worth $80,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ERJ. Principal Financial Group Inc. grew its holdings in shares of Embraer by 5.3% during the fourth 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 holdings in shares of Embraer by 14.5% in 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 purchasing an additional 10,665 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Embraer during the fourth quarter worth approximately $243,000. Truist Financial Corp grew 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 valued at $231,000 after buying an additional 470 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Embraer during the 4th quarter worth $384,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on ERJ shares. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. UBS Group reaffirmed a "sell" rating and set a $39.00 target price (up previously from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. 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 note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Embraer currently has an average rating of "Moderate Buy" and an average price target of $46.25.

Embraer Stock Performance

Shares of ERJ opened at $47.09 on Thursday. Embraer S.A. has a 52-week low of $25.24 and a 52-week high of $56.61. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 17.31 and a beta of 1.67. 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 stock has a 50 day moving average price of $46.89 and a 200 day moving average price of $41.44.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.21 by $0.19. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the business earned ($0.48) earnings per share. The company's quarterly revenue was up 23.0% compared to the same quarter last year. Research analysts predict 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.

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