Embraer S.A. (NYSE:ERJ) Shares Sold by Beck Bode LLC

Beck Bode LLC lessened its holdings in shares of Embraer S.A. (NYSE:ERJ) by 96.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,398 shares of the aerospace company’s stock after selling 438,113 shares during the quarter. Beck Bode LLC’s holdings in Embraer were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Preferred LLC acquired a new position in shares of Embraer during the 4th quarter worth about $28,000. Allworth Financial LP acquired a new position in shares of Embraer in the third quarter valued at approximately $26,000. Blue Trust Inc. grew its position in Embraer by 189.6% during the fourth quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after buying an additional 1,678 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Embraer during the fourth quarter worth $47,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Embraer by 19.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,390 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 890 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Shares of ERJ traded down $0.26 during mid-day trading on Wednesday, hitting $25.29. 262,003 shares of the company traded hands, compared to its average volume of 1,571,412. Embraer S.A. has a one year low of $12.48 and a one year high of $27.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.65 and a quick ratio of 0.93. The business has a 50-day moving average of $23.51 and a 200 day moving average of $19.34.

Embraer (NYSE:ERJ) last announced its earnings results on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.27 by $0.15. Embraer had a net margin of 3.11% and a return on equity of 2.80%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, analysts expect that Embraer S.A. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ERJ shares. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Tuesday, March 26th. UBS Group reiterated a “neutral” rating and issued a $28.50 price target (up from $21.00) on shares of Embraer in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on shares of Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. HSBC downgraded shares of Embraer from a “buy” rating to a “hold” rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Tuesday, February 6th. Finally, Morgan Stanley upped their price objective on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.75.

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.