Embraer SA (ERJ) is Mondrian Investment Partners LTD’s Largest Position

Mondrian Investment Partners LTD boosted its stake in Embraer SA (NYSE:ERJ) by 6.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,514,178 shares of the aerospace company’s stock after purchasing an additional 793,230 shares during the period. Embraer comprises approximately 7.5% of Mondrian Investment Partners LTD’s portfolio, making the stock its largest position. Mondrian Investment Partners LTD owned 6.83% of Embraer worth $237,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ERJ. Morgan Stanley lifted its position in Embraer by 2,209.4% in the third quarter. Morgan Stanley now owns 1,161,686 shares of the aerospace company’s stock valued at $22,758,000 after acquiring an additional 1,111,383 shares during the last quarter. Hsbc Holdings PLC lifted its position in Embraer by 265.0% in the fourth quarter. Hsbc Holdings PLC now owns 1,043,600 shares of the aerospace company’s stock valued at $23,095,000 after acquiring an additional 757,700 shares during the last quarter. American Century Companies Inc. lifted its position in Embraer by 442.9% in the fourth quarter. American Century Companies Inc. now owns 709,385 shares of the aerospace company’s stock valued at $15,699,000 after acquiring an additional 578,725 shares during the last quarter. Renaissance Technologies LLC lifted its position in Embraer by 128.1% in the third quarter. Renaissance Technologies LLC now owns 580,100 shares of the aerospace company’s stock valued at $11,364,000 after acquiring an additional 325,800 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its position in Embraer by 87.8% in the third quarter. Macquarie Group Ltd. now owns 646,164 shares of the aerospace company’s stock valued at $12,658,000 after acquiring an additional 302,036 shares during the last quarter. 46.04% of the stock is owned by hedge funds and other institutional investors.

Shares of ERJ opened at $19.54 on Friday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -65.13, a P/E/G ratio of 5.87 and a beta of -0.25. Embraer SA has a twelve month low of $17.99 and a twelve month high of $27.70. The company has a current ratio of 2.33, a quick ratio of 1.51 and a debt-to-equity ratio of 0.88.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, March 14th. The aerospace company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.70 billion. Embraer had a negative net margin of 3.51% and a negative return on equity of 1.35%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities analysts anticipate that Embraer SA will post 0.2 EPS for the current year.

A number of brokerages recently weighed in on ERJ. ValuEngine raised shares of Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Credit Suisse Group cut shares of Embraer from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 22nd. Zacks Investment Research cut shares of Embraer from a “hold” rating to a “strong sell” rating in a report on Monday, January 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $23.50 target price (down from $24.50) on shares of Embraer in a report on Thursday, January 17th. Finally, Cowen reaffirmed a “hold” rating and issued a $24.00 target price on shares of Embraer in a report on Thursday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.75.

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Embraer Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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