Renaissance Technologies LLC Decreases Stock Holdings in Embraer S.A. (NYSE:ERJ)

Renaissance Technologies LLC reduced its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,300,500 shares of the aerospace company's stock after selling 181,300 shares during the quarter. Renaissance Technologies LLC owned 0.71% of Embraer worth $47,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ERJ. FIL Ltd increased its position in shares of Embraer by 153.0% during the fourth quarter. FIL Ltd now owns 109,573 shares of the aerospace company's stock worth $4,019,000 after acquiring an additional 66,264 shares during the period. Invesco Ltd. grew its stake in shares of Embraer by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Employees Retirement System of Texas grew its holdings in shares of Embraer by 9.5% during the fourth quarter. Employees Retirement System of Texas now owns 37,900 shares of the aerospace company's stock worth $1,390,000 after purchasing an additional 3,300 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Embraer by 2.0% in the fourth quarter. Bank of Montreal Can now owns 41,389 shares of the aerospace company's stock valued at $1,518,000 after purchasing an additional 799 shares during the period. Finally, Atika Capital Management LLC purchased a new stake in shares of Embraer during the 4th quarter worth approximately $5,010,000. Institutional investors own 34.65% of the company's stock.

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Embraer Trading Down 2.0 %

NYSE:ERJ traded down $0.87 during trading hours on Wednesday, hitting $43.25. The company had a trading volume of 316,420 shares, compared to its average volume of 1,619,220. 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 has a 50-day moving average price of $46.25 and a 200 day moving average price of $40.26. The company has a market capitalization of $7.94 billion, a PE ratio of 15.90 and a beta of 1.36. 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 data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. On average, equities research analysts predict that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ERJ shares. TD Cowen raised Embraer to a "strong-buy" rating in a research report on Thursday, December 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 lifted their price objective on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Wolfe Research restated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.50.

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.