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

Boston Partners reduced its position in Embraer S.A. (NYSE:ERJ - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,477 shares of the aerospace company's stock after selling 11,767 shares during the period. Boston Partners owned approximately 0.06% of Embraer worth $4,309,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ERJ. Jones Financial Companies Lllp bought a new stake in shares of Embraer in the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer in the 4th quarter valued at about $37,000. Lindbrook Capital LLC grew its position in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after buying an additional 389 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Embraer during the fourth quarter worth about $71,000. Finally, US Bancorp DE lifted its holdings in Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after acquiring an additional 395 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Embraer Price Performance

ERJ traded down $0.36 on Wednesday, reaching $48.53. The company had a trading volume of 1,553,616 shares, compared to its average volume of 1,768,410. The company has a market capitalization of $8.91 billion, a P/E ratio of 17.84 and a beta of 1.70. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $45.28 and a 200-day moving average of $39.34. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last posted 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 analysts' expectations of $2.21 billion. As a group, equities research analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current 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.