PEAK6 Investments L.P. grew its stake in Embraer SA (NYSE:ERJ) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,768 shares of the aerospace company’s stock after acquiring an additional 31,074 shares during the quarter. PEAK6 Investments L.P. owned about 0.06% of Embraer worth $2,675,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Guggenheim Capital LLC increased its stake in Embraer by 10.2% in the fourth quarter. Guggenheim Capital LLC now owns 21,897 shares of the aerospace company’s stock valued at $524,000 after purchasing an additional 2,021 shares during the last quarter. Deutsche Bank AG increased its stake in Embraer by 4,788.2% in the fourth quarter. Deutsche Bank AG now owns 185,262 shares of the aerospace company’s stock valued at $4,433,000 after purchasing an additional 181,472 shares during the last quarter. Quinn Opportunity Partners LLC acquired a new position in Embraer in the fourth quarter valued at $8,542,000. 180 Wealth Advisors LLC acquired a new position in Embraer in the fourth quarter valued at $229,000. Finally, Investec Asset Management LTD acquired a new position in Embraer in the fourth quarter valued at $1,364,000. Institutional investors and hedge funds own 48.05% of the company’s stock.
Several equities analysts recently commented on ERJ shares. TheStreet upgraded Embraer from a “c+” rating to a “b-” rating in a research note on Wednesday, January 3rd. Credit Suisse Group lowered Embraer to a “hold” rating and set a $25.00 target price for the company. in a research note on Friday, December 22nd. Cowen reiterated a “hold” rating and issued a $28.00 target price on shares of Embraer in a research note on Thursday, March 8th. ValuEngine upgraded Embraer from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 22nd. Finally, Scotiabank reiterated a “hold” rating and issued a $24.00 target price on shares of Embraer in a research note on Friday, March 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Embraer currently has a consensus rating of “Hold” and a consensus target price of $24.43.
Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, March 8th. The aerospace company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.37). The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.74 billion. Embraer had a return on equity of 6.82% and a net margin of 4.23%. The business’s revenue was down 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.06 earnings per share. sell-side analysts anticipate that Embraer SA will post 0.93 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Wednesday, April 18th. Shareholders 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 is presently 26.12%.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/14/peak6-investments-l-p-buys-31074-shares-of-embraer-sa-erj.html.
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.
Receive News & Ratings for Embraer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embraer and related companies with MarketBeat.com's FREE daily email newsletter.