Rhumbline Advisers Trims Position in Embraer S.A. (NYSE:ERJ)

Rhumbline Advisers lowered its holdings in Embraer S.A. (NYSE:ERJ) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,358 shares of the aerospace company’s stock after selling 3,080 shares during the period. Rhumbline Advisers’ holdings in Embraer were worth $637,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ERJ. Integrated Wealth Concepts LLC acquired a new stake in shares of Embraer in the third quarter valued at about $242,000. OneDigital Investment Advisors LLC purchased a new position in Embraer in the 3rd quarter worth approximately $252,000. Oppenheimer & Co. Inc. acquired a new stake in Embraer in the third quarter valued at approximately $253,000. Yeomans Consulting Group Inc. purchased a new stake in shares of Embraer during the fourth quarter valued at approximately $276,000. Finally, Ballentine Partners LLC lifted its position in shares of Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after purchasing an additional 296 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Trading Down 1.6 %

Embraer stock opened at $51.04 on Friday. The company’s fifty day simple moving average is $41.43 and its 200-day simple moving average is $37.57. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a 12 month low of $20.74 and a 12 month high of $53.19. The stock has a market cap of $9.37 billion, a P/E ratio of 18.76 and a beta of 1.70.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, sell-side analysts forecast that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ERJ. The Goldman Sachs Group lifted their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Sunday, March 2nd. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Embraer has an average rating of “Moderate Buy” and an average 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.