Embraer S.A. (NYSE:ERJ) Shares Sold by Amundi

Amundi lessened its position in Embraer S.A. (NYSE:ERJ - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,144,946 shares of the aerospace company's stock after selling 94,056 shares during the period. Amundi owned about 0.62% of Embraer worth $43,096,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer during the fourth quarter valued at $42,313,000. Victory Capital Management Inc. purchased a new stake in shares of Embraer during the 4th quarter valued at about $25,024,000. Jennison Associates LLC grew its stake in shares of Embraer by 102.1% in the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock worth $47,100,000 after acquiring an additional 672,644 shares during the period. Itau Unibanco Holding S.A. raised its stake in Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company's stock valued at $39,343,000 after buying an additional 393,696 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in Embraer by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock worth $36,547,000 after purchasing an additional 334,206 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Embraer Price Performance

NYSE ERJ traded up $0.50 on Thursday, reaching $51.10. The company had a trading volume of 1,649,886 shares, compared to its average volume of 1,572,970. The stock has a market capitalization of $9.38 billion, a PE ratio of 18.79 and a beta of 1.70. Embraer S.A. has a 12 month low of $22.04 and a 12 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. The firm's 50 day moving average price is $42.57 and its 200 day moving average price is $38.11.

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

About Embraer

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.