Bank of Hawaii Sells 3,920 Shares of Embraer S.A. (NYSE:ERJ)

Bank of Hawaii lessened its holdings in Embraer S.A. (NYSE:ERJ) by 14.8% in the fourth quarter, HoldingsChannel reports. The fund owned 22,633 shares of the aerospace company’s stock after selling 3,920 shares during the period. Bank of Hawaii’s holdings in Embraer were worth $830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. raised its holdings in Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Embraer during the 4th quarter valued at $42,313,000. Carrhae Capital LLP lifted its stake in Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after acquiring an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Embraer by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock valued at $30,247,000 after acquiring an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Embraer during the 4th quarter valued at $25,024,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ERJ shares. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Embraer Stock Up 6.9 %

Shares of NYSE ERJ opened at $43.20 on Thursday. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61. 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 firm’s 50 day simple moving average is $46.28 and its two-hundred day simple moving average is $40.10. The stock has a market capitalization of $7.93 billion, a P/E ratio of 15.88 and a beta of 1.36.

Embraer (NYSE:ERJ) last issued 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 business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Profile

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.