AGF Management Ltd. Sells 165,772 Shares of Embraer S.A. (NYSE:ERJ)

AGF Management Ltd. reduced its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,773 shares of the aerospace company's stock after selling 165,772 shares during the period. AGF Management Ltd. owned approximately 0.18% of Embraer worth $12,169,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in Embraer in the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Embraer during the fourth quarter worth $37,000. Lindbrook Capital LLC increased its holdings in Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 389 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Embraer in the fourth quarter valued at about $71,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Embraer in the fourth quarter valued at about $124,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer Price Performance

Embraer stock opened at $50.66 on Wednesday. The stock's fifty day moving average price is $42.29 and its two-hundred day moving average price is $38.02. The firm has a market cap of $9.30 billion, a PE ratio of 18.63 and a beta of 1.70. Embraer S.A. has a one year low of $20.74 and a one year high of $53.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ERJ. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research note on Monday. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their price objective on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, UBS Group lowered Embraer from a "neutral" rating to a "sell" rating and increased their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Embraer Company 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.

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