Dorsey Wright & Associates Decreases Position in Embraer S.A. (NYSE:ERJ)

Dorsey Wright & Associates decreased its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,810 shares of the aerospace company's stock after selling 32,063 shares during the quarter. Dorsey Wright & Associates owned approximately 0.06% of Embraer worth $4,211,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Embraer during the fourth quarter worth about $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the fourth quarter worth $37,000. Lindbrook Capital LLC lifted its stake in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after buying an additional 389 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Embraer during the fourth quarter valued at $71,000. Finally, Quantbot Technologies LP purchased a new position in Embraer in the 4th quarter worth $121,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ERJ has been the subject of a number of recent research reports. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. The Goldman Sachs Group lifted their target price 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 report on Monday, March 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Embraer has an average rating of "Moderate Buy" and a consensus target price of $44.50.

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Embraer Trading Up 1.5 %

Embraer stock traded up $0.67 during trading on Thursday, reaching $46.50. 1,665,194 shares of the company were exchanged, compared to its average volume of 1,573,009. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock's 50 day simple moving average is $46.10 and its two-hundred day simple moving average is $39.79. The company has a market capitalization of $8.54 billion, a P/E ratio of 17.10 and a beta of 1.70. Embraer S.A. has a 52-week low of $23.42 and a 52-week high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share 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. On average, equities research analysts expect 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.