NWQ Investment Management Company LLC decreased its holdings in Embraer SA (NYSE:ERJ) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 502,130 shares of the aerospace company’s stock after selling 86,235 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.27% of Embraer worth $12,016,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ERJ. Highbridge Capital Management LLC bought a new position in Embraer in the 3rd quarter valued at $213,000. KCS Wealth Advisory bought a new position in Embraer in the 4th quarter valued at $219,000. Teacher Retirement System of Texas bought a new position in Embraer in the 4th quarter valued at $223,000. 180 Wealth Advisors LLC bought a new position in Embraer in the 4th quarter valued at $229,000. Finally, TD Asset Management Inc. bought a new stake in shares of Embraer during the third quarter worth $237,000. Hedge funds and other institutional investors own 48.05% of the company’s stock.
Shares of Embraer SA (NYSE ERJ) opened at $26.55 on Wednesday. The firm has a market capitalization of $4,928.90, a price-to-earnings ratio of 17.54, a PEG ratio of 1.69 and a beta of 0.16. Embraer SA has a 52-week low of $17.58 and a 52-week high of $28.55. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.76 and a current ratio of 2.53.
The business also recently disclosed a special dividend, which will be paid on Wednesday, April 18th. Investors of record on Tuesday, March 20th will be paid a dividend of $0.0248 per share. The ex-dividend date is Monday, March 19th. Embraer’s dividend payout ratio (DPR) is presently 26.12%.
A number of equities research analysts have recently weighed in on ERJ shares. Cowen restated a “hold” rating and set a $28.00 target price on shares of Embraer in a research report on Thursday, March 8th. TheStreet upgraded Embraer from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. Credit Suisse Group restated an “outperform” rating and set a $30.00 target price (up previously from $25.00) on shares of Embraer in a research report on Friday, March 9th. ValuEngine downgraded Embraer from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Scotiabank restated a “hold” rating and set a $24.00 target price on shares of Embraer in a research report on Friday, March 9th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Embraer currently has a consensus rating of “Hold” and an average target price of $24.43.
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Embraer Company Profile
Embraer SA (Embraer) is a manufacturer of jets of 70 to 130 seats. The Company produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. Its segments include Commercial aviation business, which involves the development, production and sale of commercial jets, and rendering of support services, particularly in the regional aviation segment and aircraft leases; Executive Jet business, which markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, high-net-worth individuals and to flight academies; Defense and Security Business segment, which conceives, designs, develops, manufactures and supports a range of integrated solutions for the defense and security market, and Other Related Businesses segment, which provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters.
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