Brandes Investment Partners LP Decreases Holdings in Embraer S.A. (NYSE:ERJ)

Brandes Investment Partners LP lowered its position in Embraer S.A. (NYSE:ERJ - Free Report) by 12.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,896,146 shares of the aerospace company's stock after selling 1,321,550 shares during the period. Embraer accounts for about 3.6% of Brandes Investment Partners LP's investment portfolio, making the stock its 2nd largest holding. Brandes Investment Partners LP owned about 4.84% of Embraer worth $326,311,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in shares of Embraer in the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda purchased a new stake in Embraer during the 4th quarter valued at $37,000. Lindbrook Capital LLC boosted its stake in 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 purchasing an additional 389 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Embraer during the 4th quarter valued at $71,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Embraer during the 4th quarter valued at $124,000. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on ERJ. Bank of America increased their target price on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and increased their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. The Goldman Sachs Group raised 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. Finally, TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.60.

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Embraer Stock Performance

Shares of ERJ stock traded up $1.20 on Wednesday, reaching $56.40. The stock had a trading volume of 2,891,485 shares, compared to its average volume of 1,544,145. The stock has a market cap of $10.36 billion, a P/E ratio of 20.73 and a beta of 1.70. Embraer S.A. has a 1 year low of $23.42 and a 1 year high of $56.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company has a 50 day simple moving average of $43.83 and a 200 day simple moving average of $38.71.

Embraer (NYSE:ERJ - Get Free Report) last announced 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 analysts' expectations of $2.21 billion. Equities research analysts expect that Embraer S.A. will post 2.04 EPS 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.