Egerton Capital UK LLP Sells 73,098 Shares of Embraer S.A. (NYSE:ERJ)

Egerton Capital UK LLP decreased its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,634,426 shares of the aerospace company's stock after selling 73,098 shares during the quarter. Embraer accounts for approximately 1.5% of Egerton Capital UK LLP's investment portfolio, making the stock its 22nd biggest holding. Egerton Capital UK LLP owned 1.98% of Embraer worth $133,311,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC lifted its position in shares of Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock worth $47,100,000 after buying an additional 672,644 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Embraer during the 4th quarter worth approximately $42,313,000. Itau Unibanco Holding S.A. lifted its position in shares of 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 worth $39,343,000 after buying an additional 393,696 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Embraer by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock worth $36,547,000 after buying an additional 334,206 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Embraer during the 4th quarter worth approximately $25,024,000. Institutional investors own 34.65% of the company's stock.

Embraer Stock Down 0.7 %

ERJ opened at $50.66 on Wednesday. Embraer S.A. has a one year low of $20.74 and a one year high of $53.19. The company has a fifty day moving average price of $42.29 and a 200-day moving average price of $38.02. The firm has a market capitalization of $9.30 billion, a P/E ratio of 18.63 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

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Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Equities research analysts expect that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Embraer 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.

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