DnB Asset Management AS Cuts Stake in Embraer S.A. (NYSE:ERJ)

DnB Asset Management AS reduced its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 539,163 shares of the aerospace company's stock after selling 102,209 shares during the period. DnB Asset Management AS owned approximately 0.29% of Embraer worth $19,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Embraer by 109.6% during the fourth quarter. JPMorgan Chase & Co. now owns 464,002 shares of the aerospace company's stock worth $17,020,000 after buying an additional 242,649 shares in the last quarter. Carrhae Capital LLP lifted its position in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after acquiring an additional 866,919 shares during the period. Sei Investments Co. boosted its stake in shares of Embraer by 20.7% during the 4th quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock worth $8,782,000 after acquiring an additional 41,143 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Embraer in the 4th quarter worth approximately $121,000. Finally, Natixis Advisors LLC increased its stake in Embraer by 132.0% in the 4th 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 in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

ERJ has been the topic of several research reports. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $44.50.

Embraer Trading Down 0.4 %

NYSE:ERJ traded down $0.20 on Wednesday, reaching $46.14. The stock had a trading volume of 581,933 shares, compared to its average volume of 1,569,520. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $56.61. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 16.96 and a beta of 1.70. The firm's fifty day moving average is $46.01 and its two-hundred day moving average is $39.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Equities analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

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.