Connor Clark & Lunn Investment Management Ltd. Has $30.25 Million Stock Position in Embraer S.A. (NYSE:ERJ)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Embraer S.A. (NYSE:ERJ) by 959.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 824,607 shares of the aerospace company’s stock after buying an additional 746,758 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Embraer were worth $30,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ballentine Partners LLC lifted its position in Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after buying an additional 296 shares in the last quarter. Townsquare Capital LLC lifted its position in Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after buying an additional 310 shares in the last quarter. Angeles Investment Advisors LLC lifted its position in Embraer by 3.0% during the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after buying an additional 338 shares in the last quarter. LVW Advisors LLC raised its holdings in Embraer by 3.3% during the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 389 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

Shares of ERJ stock opened at $50.61 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market cap of $9.29 billion, a PE ratio of 18.60 and a beta of 1.70. The stock has a 50-day moving average of $42.57 and a 200-day moving average of $38.11. Embraer S.A. has a one year low of $21.20 and a one year high of $53.19.

Embraer (NYSE:ERJ) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, sell-side analysts expect that Embraer S.A. will post 2.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ERJ has been the subject of several recent research reports. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Bank of America boosted their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Monday. Finally, The Goldman Sachs Group boosted their price objective on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

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.