Man Group plc Purchases 5,291 Shares of Embraer S.A. (NYSE:ERJ)

Man Group plc increased its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 168,345 shares of the aerospace company's stock after buying an additional 5,291 shares during the period. Man Group plc owned 0.09% of Embraer worth $6,175,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ERJ. Invesco Ltd. boosted its holdings in shares of Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after buying an additional 1,228,468 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer during the 4th quarter worth about $42,313,000. Carrhae Capital LLP boosted its holdings in Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after purchasing an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock valued at $30,247,000 after purchasing an additional 746,758 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in Embraer in the 4th quarter valued at about $25,024,000. Institutional investors own 34.65% of the company's stock.

Embraer Price Performance

Shares of NYSE:ERJ traded up $0.08 during midday trading on Friday, hitting $47.49. The stock had a trading volume of 730,078 shares, compared to its average volume of 1,529,964. The company's 50-day moving average price is $46.15 and its 200-day moving average price is $42.62. The company has a market capitalization of $8.72 billion, a P/E ratio of 17.46 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. Embraer S.A. has a fifty-two week low of $25.24 and a fifty-two week high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.21 by $0.19. The company had revenue of $1.10 billion during 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%. The business'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 company earned ($0.48) EPS. As a group, equities research analysts predict that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $0.049 dividend. The ex-dividend date is Friday, May 16th. Embraer's payout ratio is 1.85%.

Analyst Ratings Changes

A number of analysts have issued reports on ERJ shares. The Goldman Sachs Group boosted their price objective on shares of Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, May 12th. UBS Group reissued a "sell" rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. Wall Street Zen downgraded shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued 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 price target of $48.75.

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.