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

Amundi trimmed its position in shares of Embraer S.A. (NYSE:ERJ) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,144,946 shares of the aerospace company’s stock after selling 94,056 shares during the period. Amundi owned approximately 0.62% of Embraer worth $43,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ERJ. Vaughan Nelson Investment Management L.P. acquired a new position in Embraer in the fourth quarter worth $42,313,000. Victory Capital Management Inc. acquired a new stake in shares of Embraer during the 4th quarter worth approximately $25,024,000. Jennison Associates LLC grew its position in shares of Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares during the period. Itau Unibanco Holding S.A. boosted its stake in Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after acquiring an additional 393,696 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in Embraer by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock worth $36,547,000 after acquiring an additional 334,206 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America boosted their price objective 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Embraer Stock Performance

NYSE:ERJ opened at $50.61 on Thursday. The company has a market capitalization of $9.29 billion, a PE ratio of 18.60 and a beta of 1.70. The company has a 50 day simple moving average of $42.57 and a two-hundred day simple moving average of $38.11. 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 S.A. has a fifty-two week low of $21.20 and a fifty-two week high of $53.19.

Embraer (NYSE:ERJ) last issued its 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. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Research analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

About Embraer

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.