Perpetual Ltd Sells 44,302 Shares of Embraer S.A. (NYSE:ERJ)

Perpetual Ltd decreased its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 224,149 shares of the aerospace company's stock after selling 44,302 shares during the quarter. Perpetual Ltd owned 0.12% of Embraer worth $8,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ERJ. Brendel Financial Advisors LLC acquired a new position in Embraer in the 3rd quarter worth approximately $202,000. Stifel Financial Corp lifted its position in shares of 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Embraer in the third quarter worth $10,611,000. Thrivent Financial for Lutherans acquired a new stake in shares of Embraer during the 3rd quarter valued at about $981,000. Finally, XTX Topco Ltd acquired a new position in Embraer in the third quarter worth approximately $1,203,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Stock Performance

ERJ stock traded down $0.25 during trading on Wednesday, reaching $41.27. 776,642 shares of the stock were exchanged, compared to its average volume of 955,142. Embraer S.A. has a twelve month low of $17.19 and a twelve month high of $41.90. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $7.58 billion, a P/E ratio of 15.17 and a beta of 1.71. The stock has a 50 day simple moving average of $37.71 and a 200-day simple moving average of $34.63.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.92. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The business had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Embraer S.A. will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on ERJ shares. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. UBS Group cut Embraer from a "neutral" rating to a "sell" rating and boosted their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. StockNews.com raised Embraer from a "hold" rating to a "buy" rating in a report on Wednesday, December 25th. Finally, Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer presently has an average rating of "Moderate Buy" and a consensus target price of $37.43.

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.