Atika Capital Management LLC Takes Position in Embraer S.A. (NYSE:ERJ)

Atika Capital Management LLC purchased a new position in Embraer S.A. (NYSE:ERJ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 136,600 shares of the aerospace company’s stock, valued at approximately $5,010,000. Atika Capital Management LLC owned 0.07% of Embraer as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ERJ. Principal Financial Group Inc. raised its holdings in shares of Embraer by 5.3% in the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock valued at $6,514,000 after acquiring an additional 8,938 shares in the last quarter. Ninety One North America Inc. increased its position in shares of Embraer by 14.5% in the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after purchasing an additional 10,665 shares during the last quarter. Stifel Financial Corp raised its stake in Embraer by 33.0% in the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after purchasing an additional 18,656 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Embraer during the fourth quarter valued at approximately $243,000. Finally, Truist Financial Corp grew its stake in Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after buying an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

NYSE ERJ opened at $41.64 on Friday. The company has a 50-day simple moving average of $46.18 and a two-hundred day simple moving average of $39.91. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $56.61. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 15.31 and a beta of 1.36. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several research reports. The Goldman Sachs Group raised their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Wolfe Research reiterated a “peer perform” rating on shares of Embraer in a research report on Monday, March 24th. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $44.50.

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.