Headlands Technologies LLC Reduces Holdings in Embraer S.A. (NYSE:ERJ)

Headlands Technologies LLC cut its position in Embraer S.A. (NYSE:ERJ - Free Report) by 80.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,146 shares of the aerospace company's stock after selling 25,140 shares during the period. Headlands Technologies LLC's holdings in Embraer were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in ERJ. Integrated Wealth Concepts LLC purchased a new position in Embraer in the 3rd quarter worth about $242,000. Stifel Financial Corp raised its holdings in Embraer by 33.0% in the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after purchasing an additional 18,656 shares in the last quarter. State Street Corp boosted its stake in Embraer by 1.3% in the third quarter. State Street Corp now owns 368,662 shares of the aerospace company's stock valued at $13,040,000 after acquiring an additional 4,666 shares in the last quarter. XTX Topco Ltd purchased a new position in Embraer during the 3rd quarter worth $1,203,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of Embraer by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 44,174 shares of the aerospace company's stock worth $1,562,000 after acquiring an additional 1,241 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ERJ has been the subject of several research analyst reports. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. TD Cowen upgraded Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

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Embraer Stock Down 4.9 %

NYSE:ERJ traded down $2.12 during mid-day trading on Thursday, hitting $40.98. The stock had a trading volume of 786,729 shares, compared to its average volume of 1,828,624. The company has a market capitalization of $7.53 billion, a PE ratio of 15.05 and a beta of 1.36. The stock has a 50-day simple moving average of $46.28 and a two-hundred day simple moving average of $40.10. Embraer S.A. has a twelve month low of $23.42 and a twelve month high of $56.61. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data 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 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 analysts' expectations of $2.21 billion. On average, equities research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

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.