Corient Private Wealth LLC Has $2.19 Million Stock Holdings in Embraer S.A. (NYSE:ERJ)

Corient Private Wealth LLC reduced its position in Embraer S.A. (NYSE:ERJ - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC increased its position in Embraer by 132.0% during the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company's stock worth $5,814,000 after buying an additional 90,187 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 valued at $30,247,000 after acquiring an additional 746,758 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Embraer by 680.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,970 shares of the aerospace company's stock valued at $329,000 after acquiring an additional 7,820 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Embraer by 151.1% in the 4th 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 stake in Embraer in the 4th quarter worth approximately $37,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

ERJ has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, Wolfe Research restated a "peer perform" rating on shares of Embraer in a research note on Monday. One equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $44.50.

Embraer Stock Performance

NYSE ERJ traded down $1.00 during midday trading on Thursday, hitting $47.51. The company had a trading volume of 1,928,594 shares, compared to its average volume of 1,522,656. The firm has a fifty day simple moving average of $45.48 and a two-hundred day simple moving average of $39.40. Embraer S.A. has a fifty-two week low of $23.42 and a fifty-two week 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 stock has a market cap of $8.72 billion, a price-to-earnings ratio of 17.47 and a beta of 1.70.

Embraer (NYSE:ERJ - Get Free Report) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share 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 business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Equities analysts forecast 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.