Embraer S.A. (NYSE:ERJ) Holdings Cut by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 59,703 shares of the aerospace company's stock after selling 7,866 shares during the period. Corient Private Wealth LLC's holdings in Embraer were worth $2,190,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC increased its holdings in shares of Embraer by 132.0% during the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock valued at $5,814,000 after purchasing an additional 90,187 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Embraer by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after buying an additional 746,758 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Embraer by 680.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,970 shares of the aerospace company's stock worth $329,000 after acquiring an additional 7,820 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Embraer by 151.1% in the fourth quarter. HighTower Advisors LLC now owns 41,522 shares of the aerospace company's stock valued at $1,523,000 after acquiring an additional 24,986 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 34.65% of the company's stock.

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Embraer Trading Down 0.8 %

ERJ traded down $0.39 during trading on Tuesday, reaching $49.10. The company had a trading volume of 1,228,269 shares, compared to its average volume of 1,757,627. The firm's 50-day simple moving average is $45.05 and its 200 day simple moving average is $39.23. 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 market cap of $9.02 billion, a price-to-earnings ratio of 18.05 and a beta of 1.70. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.21 billion. Equities research analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.