Miura Global Management LLC Has $1.83 Million Stake in Embraer S.A. (NYSE:ERJ)

Miura Global Management LLC lifted its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,000 shares of the aerospace company's stock after buying an additional 25,000 shares during the period. Embraer makes up approximately 2.0% of Miura Global Management LLC's investment portfolio, making the stock its 20th biggest position. Miura Global Management LLC's holdings in Embraer were worth $1,834,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Carrhae Capital LLP lifted its stake in Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its stake in Embraer by 19.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after purchasing an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Embraer by 8.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock worth $81,065,000 after purchasing an additional 176,182 shares during the last quarter. Invesco Ltd. lifted its stake in Embraer by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Embraer during the fourth quarter worth $42,313,000. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ERJ has been the subject of several recent analyst reports. UBS Group restated a "sell" rating and set a $39.00 target price (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. Finally, The Goldman Sachs Group increased their price target on Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have issued 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.75.

Embraer Price Performance

Shares of ERJ traded down $0.59 during trading hours on Friday, reaching $48.80. The stock had a trading volume of 912,713 shares, compared to its average volume of 1,545,160. Embraer S.A. has a 12 month low of $25.24 and a 12 month high of $56.61. The stock has a market capitalization of $8.96 billion, a PE ratio of 17.94 and a beta of 1.67. 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 company's 50-day moving average is $46.63 and its two-hundred day moving average is $42.03.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating 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 return on equity of 11.61% and a net margin of 8.24%. Embraer's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) earnings per share. Research analysts expect that Embraer S.A. will post 2.04 EPS for the current 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 issued a $0.049 dividend. The ex-dividend date is Friday, May 16th. Embraer's payout ratio is 1.85%.

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.