Rhumbline Advisers Sells 3,080 Shares of Embraer S.A. (NYSE:ERJ)

Rhumbline Advisers cut its holdings in shares of Embraer S.A. (NYSE:ERJ) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Embraer in the 3rd quarter valued at approximately $242,000. OneDigital Investment Advisors LLC bought a new position in Embraer in the third quarter valued at approximately $252,000. Oppenheimer & Co. Inc. acquired a new position in shares of Embraer in the third quarter valued at approximately $253,000. Yeomans Consulting Group Inc. acquired a new position in shares of Embraer in the fourth quarter valued at approximately $276,000. Finally, Ballentine Partners LLC increased 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 acquiring an additional 296 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Stock Performance

Shares of ERJ stock opened at $51.04 on Friday. The stock has a market capitalization of $9.37 billion, a PE ratio of 18.76 and a beta of 1.70. The business’s 50 day simple moving average is $41.43 and its 200 day simple moving average is $37.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a one year low of $20.74 and a one year high of $53.19.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, research analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Bank of America upped their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group raised their price target on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. 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. Finally, StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average target price of $43.00.

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.