American Century Companies Inc. Sells 55,563 Shares of Embraer S.A. (NYSE:ERJ)

American Century Companies Inc. lessened its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,278,659 shares of the aerospace company's stock after selling 55,563 shares during the quarter. American Century Companies Inc. owned approximately 1.24% of Embraer worth $83,581,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ERJ. Principal Financial Group Inc. increased 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 worth $6,514,000 after acquiring an additional 8,938 shares during the period. Ninety One North America Inc. lifted its stake in shares of Embraer by 14.5% in the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock worth $3,098,000 after acquiring an additional 10,665 shares during the period. Stifel Financial Corp increased its stake in shares of Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock valued at $2,661,000 after acquiring an additional 18,656 shares during the period. QRG Capital Management Inc. bought a new stake in Embraer during the fourth quarter worth approximately $243,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Embraer in the 3rd quarter worth $10,611,000. Institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

Remove Ads

Embraer Stock Down 2.6 %

Shares of NYSE:ERJ traded down $1.23 during trading on Friday, reaching $46.26. 1,629,692 shares of the company traded hands, compared to its average volume of 1,576,144. Embraer S.A. has a 1-year low of $23.42 and a 1-year high of $56.61. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a market cap of $8.50 billion, a P/E ratio of 17.01 and a beta of 1.70. The firm has a fifty day simple moving average of $45.63 and a 200 day simple moving average of $39.46.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

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.