Amundi Sells 94,056 Shares of Embraer S.A. (NYSE:ERJ)

Amundi lowered its stake in Embraer S.A. (NYSE:ERJ) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,144,946 shares of the aerospace company’s stock after selling 94,056 shares during the quarter. Amundi’s holdings in Embraer were worth $43,096,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in Embraer in the fourth quarter worth $28,000. Lindbrook Capital LLC boosted its position in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after buying an additional 389 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Embraer in the fourth quarter worth about $71,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Embraer in the fourth quarter worth about $124,000. Finally, US Bancorp DE boosted its position in Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock worth $122,000 after purchasing an additional 395 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Up 0.0 %

Shares of ERJ opened at $50.61 on Thursday. Embraer S.A. has a 52 week low of $21.20 and a 52 week high of $53.19. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 18.60 and a beta of 1.70. The stock’s 50-day moving average price is $42.57 and its 200-day moving average price is $38.11.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Embraer S.A. will post 2.04 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ERJ. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America lifted their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note on Monday. TD Cowen upgraded Embraer to a “strong-buy” rating in a 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 report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

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.