Embraer S.A. (NYSE:ERJ) Shares Sold by Becker Capital Management Inc.

Becker Capital Management Inc. trimmed its holdings in shares of Embraer S.A. (NYSE:ERJ) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,714,980 shares of the aerospace company’s stock after selling 68,235 shares during the period. Embraer accounts for 2.1% of Becker Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Becker Capital Management Inc.’s holdings in Embraer were worth $62,905,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ERJ. Ballentine Partners LLC boosted its holdings 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 valued at $279,000 after acquiring an additional 296 shares during the period. LVW Advisors LLC boosted its stake in Embraer by 3.3% during the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after purchasing an additional 340 shares during the period. Lindbrook Capital LLC grew its position in Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 389 shares during the last quarter. US Bancorp DE increased its stake in shares of Embraer by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 395 shares during the period. Finally, Townsquare Capital LLC raised its holdings in shares of Embraer by 1.7% during the fourth quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company’s stock valued at $971,000 after buying an additional 454 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group raised their price target on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. UBS Group reaffirmed a “sell” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.25.

Embraer Trading Up 0.4 %

Shares of ERJ stock opened at $45.56 on Wednesday. The stock has a 50-day simple moving average of $46.57 and a 200 day simple moving average of $40.97. The stock has a market capitalization of $8.37 billion, a P/E ratio of 16.75 and a beta of 1.36. Embraer S.A. has a fifty-two week low of $25.05 and a fifty-two week 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 announced its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.21 billion. On average, sell-side analysts expect that Embraer S.A. will post 2.04 earnings per share for the current fiscal 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.