AGF Management Ltd. decreased its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 331,773 shares of the aerospace company's stock after selling 165,772 shares during the quarter. AGF Management Ltd. owned about 0.18% of Embraer worth $12,169,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ERJ. Jones Financial Companies Lllp acquired a new stake in shares of Embraer in the 4th quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new stake in Embraer during the fourth quarter worth about $37,000. Lindbrook Capital LLC raised its stake in Embraer by 32.9% during the fourth 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 period. Venturi Wealth Management LLC acquired a new position in Embraer in the 4th quarter valued at about $71,000. Finally, US Bancorp DE boosted its holdings in Embraer by 13.4% in the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock valued at $122,000 after purchasing an additional 395 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.
ERJ has been the topic of several research analyst reports. UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and boosted their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. The Goldman Sachs Group lifted their target price on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Embraer currently has an average rating of "Moderate Buy" and an average target price of $43.00.
View Our Latest Stock Analysis on Embraer
Embraer stock traded up $0.02 during mid-day trading on Wednesday, reaching $50.61. 2,080,352 shares of the company's stock were exchanged, compared to its average volume of 1,573,441. The company has a market cap of $9.29 billion, a P/E ratio of 18.60 and a beta of 1.70. The company has a fifty day moving average of $42.57 and a 200-day moving average of $38.11. Embraer S.A. has a twelve month low of $21.20 and a twelve month high of $53.19. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. Sell-side analysts expect that Embraer S.A. will post 2.04 EPS for the current year.
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.
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