Headlands Technologies LLC Trims Stock Position in Embraer S.A. (NYSE:ERJ)

Headlands Technologies LLC decreased its position in Embraer S.A. (NYSE:ERJ) by 80.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,146 shares of the aerospace company’s stock after selling 25,140 shares during the period. Headlands Technologies LLC’s holdings in Embraer were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ERJ. Principal Financial Group Inc. grew its holdings in shares of Embraer by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after purchasing an additional 8,938 shares during the period. Ninety One North America Inc. boosted its stake in Embraer by 14.5% during the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after buying an additional 10,665 shares during the period. Stifel Financial Corp boosted its stake in Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock worth $2,661,000 after buying an additional 18,656 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Embraer during the fourth quarter valued at about $243,000. Finally, Truist Financial Corp lifted its holdings in shares of Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 470 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Down 7.8 %

NYSE:ERJ opened at $41.64 on Friday. The stock has a fifty day moving average price of $46.18 and a 200 day moving average price of $39.87. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $56.61. The firm has a market cap of $7.65 billion, a PE ratio of 15.31 and a beta of 1.36.

Embraer (NYSE:ERJ) last released its 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. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. Sell-side analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ERJ. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. The Goldman Sachs Group increased their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

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.