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

Aubrey Capital Management Ltd acquired a new position in shares of Embraer S.A. (NYSE:ERJ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 138,600 shares of the aerospace company's stock, valued at approximately $6,403,000. Embraer comprises about 2.6% of Aubrey Capital Management Ltd's holdings, making the stock its 10th biggest holding. Aubrey Capital Management Ltd owned about 0.08% of Embraer at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Carrhae Capital LLP lifted its position in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after buying an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its position in shares of Embraer by 19.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after buying an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Embraer by 8.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after purchasing an additional 176,182 shares during the last quarter. Invesco Ltd. raised its position in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Embraer by 50.5% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Stock Performance

ERJ traded down $1.53 during trading on Friday, hitting $48.26. The stock had a trading volume of 2,025,525 shares, compared to its average volume of 1,497,760. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The firm has a market capitalization of $8.86 billion, a P/E ratio of 17.74 and a beta of 1.68. The company's 50-day moving average price is $46.20 and its 200 day moving average price is $43.63. Embraer S.A. has a twelve month low of $25.24 and a twelve month high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Embraer's revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.48) EPS. On average, equities research analysts forecast that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Announces Dividend

The business also recently declared a -- dividend, which was paid on Monday, June 2nd. Stockholders 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 presently 1.85%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Hsbc Global Res upgraded shares of Embraer from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. The Goldman Sachs Group upped their price target on shares of Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, UBS Group reiterated a "sell" rating and issued a $39.00 price target (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.