Position Changed: As Embraer S A (ERJ) Stock Price Declined, Shareholder Brandes Investment Partners LP Has Increased Its Position

Position Changed: As Embraer S A (ERJ) Stock Price Declined, Shareholder Brandes Investment Partners LP Has Increased Its Position

Brandes Investment Partners Lp increased its stake in Embraer S A (ERJ) by 27.79% based on its latest 2016Q3 regulatory filing with the SEC. Brandes Investment Partners Lp bought 4.09M shares as the company’s stock declined 20.68% while stock markets rallied. The institutional investor held 18.80 million shares of the aerospace company at the end of 2016Q3, valued at $324.42 million, up from 14.71M at the end of the previous reported quarter. Brandes Investment Partners Lp who had been investing in Embraer S A for a number of months, seems to be bullish on the $3.85 billion market cap company. The stock is down 0.29% or $0.06 hitting $20.55, despite the positive news. About 200 shares traded hands. Embraer SA (ADR) (NYSE:ERJ) has declined 5.89% since June 7, 2016 and is downtrending. It has underperformed by 13.31% the S&P500.

Brandes Investment Partners Lp, which manages about $26.91B and $6.67B US Long portfolio, decreased its stake in Western Digital Corp (NASDAQ:WDC) by 66,758 shares to 2.19 million shares, valued at $127.78 million in 2016Q3, according to the filing. It also reduced its holding in Glaxosmithkline Plc (NYSE:GSK) by 698,838 shares in the quarter, leaving it with 3.53M shares, and cut its stake in Telefonica Brasil Sa.

Brandes Investment Partners Lp is a California-based institutional investor with more than $26.91 billion AUM in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Brandes Investment Partners latest Adv, the fund reported to have 235 full and part-time employees. Among which 53 performing investment advisory and research functions. The institutional investor had more than 19500 clients.

More notable recent Embraer SA (ADR) (NYSE:ERJ) news were published by: Fool.com which released: “Embraer SA (ADR) Stock Down 10% on Earnings: Here’s What You Need To Know” on March 03, 2016, also Marketwatch.com with their article: “Embraer S/A upgraded to buy from neutral at Goldman Sachs” published on December 22, 2009, Fool.com published: “Can Embraer SA (ADR) Seize This Enormous Opportunity?” on May 05, 2014. More interesting news about Embraer SA (ADR) (NYSE:ERJ) were released by: Businessfinancenews.com and their article: “Planning to Invest in Embraer? Oppenheimer Just Sold 63 million stakes, Think …” published on March 16, 2016 as well as Investorplace.com‘s news article titled: “Why AbbVie Inc (ABBV), Greif, Inc. (GEF) and Embraer SA (ADR) (ERJ) Are 3 of …” with publication date: March 05, 2015.

According to Zacks Investment Research, “Embraer Air is a customer-oriented company with experience in designing, manufacturing, selling, and supporting aircraft for the world’s commercial and defense markets. The company ranks among the four largest commercial aircraft manufacturers in the world with a well-established family of regional airliners, ranging from the 30-seat EMB 120 Brasilia turboprop to the 37-seat ERJ 135, the new 44-seat ERJ 140 and the 50-seat ERJ 145 jetliners. In addition, the company have launched a new family of jetliners – the ERJ 170, the ERJ 190-100 and ERJ 190-200.”

Embraer SA (ADR) (NYSE:ERJ) Ratings Coverage

Out of 8 analysts covering Embraer Sa (NYSE:ERJ), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. Embraer Sa has been the topic of 14 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Monday, May 2 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, October 13. As per Thursday, March 10, the company rating was downgraded by Bank of America. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, May 2. The stock of Embraer SA (ADR) (NYSE:ERJ) has “Buy” rating given on Friday, July 31 by Deutsche Bank. The firm has “Buy” rating by Deutsche Bank given on Monday, June 13. The company was maintained on Friday, July 31 by RBC Capital Markets. The stock of Embraer SA (ADR) (NYSE:ERJ) has “Buy” rating given on Tuesday, November 1 by Drexel Hamilton. The company was upgraded on Tuesday, October 18 by Cowen & Co. The stock of Embraer SA (ADR) (NYSE:ERJ) earned “Overweight” rating by JP Morgan on Thursday, October 6.

ERJ Company Profile

Embraer S.A. (Embraer), incorporated on May 23, 2006, produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s divisions include Commercial aviation business, Defense and security business, Executive Jet business and Other.

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