Jennison Associates LLC Cuts Stake in Embraer S.A. (NYSE:ERJ)

Jennison Associates LLC trimmed its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,306,854 shares of the aerospace company's stock after selling 24,777 shares during the quarter. Jennison Associates LLC owned approximately 0.71% of Embraer worth $47,935,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 456 shares during the period. Signaturefd LLC increased its holdings in shares of Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock valued at $201,000 after acquiring an additional 414 shares during the period. Brendel Financial Advisors LLC acquired a new position in shares of Embraer in the 3rd quarter valued at $202,000. Integrated Wealth Concepts LLC acquired a new position in shares of Embraer in the 3rd quarter valued at $242,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Embraer in the 3rd quarter valued at $252,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several recent research reports. Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and boosted their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, TD Cowen raised shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Embraer has an average rating of "Moderate Buy" and an average target price of $40.50.

Embraer Price Performance

Shares of NYSE:ERJ traded down $1.72 on Friday, reaching $42.93. 1,538,681 shares of the company were exchanged, compared to its average volume of 1,237,642. 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 S.A. has a 1-year low of $17.19 and a 1-year high of $46.10. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 15.78 and a beta of 1.71. The company has a 50-day moving average of $38.47 and a 200-day moving average of $35.67.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.28 by $0.92. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm earned $0.18 EPS. Equities analysts forecast that Embraer S.A. will post 2.06 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.