Marshall Wace LLP Sells 10,357 Shares of Embraer S.A. (NYSE:ERJ)

Marshall Wace LLP lowered its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 371,668 shares of the aerospace company's stock after selling 10,357 shares during the period. Marshall Wace LLP owned 0.20% of Embraer worth $13,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in shares of Embraer in the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda bought a new position in Embraer during the fourth quarter valued at approximately $37,000. Lindbrook Capital LLC boosted its holdings in Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after purchasing an additional 389 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Embraer in the fourth quarter worth $71,000. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Embraer by 71.9% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after purchasing an additional 809 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ERJ shares. The Goldman Sachs Group upped their price objective on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. UBS Group restated a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer in a report on Thursday. Finally, StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.25.

Embraer Trading Up 0.9 %

Embraer stock traded up $0.38 during mid-day trading on Thursday, hitting $44.63. The company's stock had a trading volume of 864,400 shares, compared to its average volume of 1,606,577. The stock has a market cap of $8.20 billion, a PE ratio of 16.41 and a beta of 1.36. Embraer S.A. has a one year low of $24.02 and a one year high of $56.61. The company has a 50 day moving average of $46.38 and a 200-day moving average of $40.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.47 by $0.47. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, 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.