Becker Capital Management Inc. Sells 68,235 Shares of Embraer S.A. (NYSE:ERJ)

Becker Capital Management Inc. decreased its holdings in Embraer S.A. (NYSE:ERJ) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,714,980 shares of the aerospace company’s stock after selling 68,235 shares during the quarter. Embraer makes up approximately 2.1% of Becker Capital Management Inc.’s holdings, making the stock its 8th largest holding. Becker Capital Management Inc. owned 0.93% of Embraer worth $62,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Carrhae Capital LLP grew its position in Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock valued at $97,963,000 after acquiring an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC increased its position in Embraer by 19.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company’s stock worth $89,465,000 after purchasing an additional 390,094 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Embraer by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company’s stock valued at $81,065,000 after buying an additional 176,182 shares during the period. Invesco Ltd. lifted its position in Embraer by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock valued at $45,323,000 after buying an additional 1,228,468 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Embraer during the fourth quarter worth approximately $42,313,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of NYSE ERJ opened at $45.56 on Wednesday. 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 fifty-two week low of $25.05 and a fifty-two week high of $56.61. The business has a 50 day moving average price of $46.57 and a two-hundred day moving average price of $40.97. The firm has a market cap of $8.37 billion, a PE ratio of 16.75 and a beta of 1.36.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Sell-side analysts expect that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. The Goldman Sachs Group upped 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. Wolfe Research reiterated a “peer perform” rating on shares of Embraer in a report on Monday, March 24th. Finally, UBS Group restated a “sell” rating and issued a $39.00 price target (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.25.

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.