American Century Companies Inc. Sells 55,563 Shares of Embraer S.A. (NYSE:ERJ)

American Century Companies Inc. reduced its stake in shares of Embraer S.A. (NYSE:ERJ) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,278,659 shares of the aerospace company’s stock after selling 55,563 shares during the quarter. American Century Companies Inc.’s holdings in Embraer were worth $83,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of Embraer in the 4th quarter worth about $121,000. Natixis Advisors LLC grew its stake in Embraer by 132.0% during the fourth quarter. Natixis Advisors LLC now owns 158,496 shares of the aerospace company’s stock worth $5,814,000 after buying an additional 90,187 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Embraer by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock worth $30,247,000 after buying an additional 746,758 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Embraer by 680.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,970 shares of the aerospace company’s stock valued at $329,000 after acquiring an additional 7,820 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Embraer by 151.1% in the 4th quarter. HighTower Advisors LLC now owns 41,522 shares of the aerospace company’s stock worth $1,523,000 after acquiring an additional 24,986 shares in the last quarter. 34.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ERJ. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group raised their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Embraer Trading Down 6.0 %

Shares of ERJ opened at $49.47 on Tuesday. The stock’s fifty day simple moving average is $45.05 and its 200-day simple moving average is $39.23. The firm has a market capitalization of $9.09 billion, a PE ratio of 18.19 and a beta of 1.70. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $56.61. 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 (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. As a group, research analysts predict that Embraer S.A. will post 2.04 earnings per share for the current year.

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.