Embraer S.A. (NYSE:ERJ) Stake Cut by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Embraer S.A. (NYSE:ERJ) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 148,686 shares of the aerospace company’s stock after selling 682 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Embraer were worth $2,743,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Allworth Financial LP acquired a new position in Embraer in the 3rd quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new position in Embraer in the 2nd quarter worth about $27,000. Advisors Preferred LLC acquired a new position in Embraer in the 4th quarter worth about $28,000. Bruce G. Allen Investments LLC acquired a new position in Embraer in the 4th quarter worth about $47,000. Finally, Blue Trust Inc. increased its position in Embraer by 189.6% in the 4th quarter. Blue Trust Inc. now owns 2,563 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 1,678 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Performance

Shares of NYSE:ERJ opened at $24.23 on Friday. The business has a 50 day moving average price of $22.57 and a 200 day moving average price of $18.69. Embraer S.A. has a twelve month low of $12.48 and a twelve month high of $27.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 1.65.

Embraer (NYSE:ERJ) last announced its earnings results on Monday, March 18th. The aerospace company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.15. Embraer had a return on equity of 2.80% and a net margin of 3.11%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, equities analysts predict that Embraer S.A. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

ERJ has been the topic of several research reports. The Goldman Sachs Group upped their target price on Embraer from $21.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Morgan Stanley increased their price objective on Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. UBS Group reissued a “neutral” rating and set a $28.50 price objective (up previously from $21.00) on shares of Embraer in a report on Tuesday, March 26th. HSBC lowered Embraer from a “buy” rating to a “hold” rating and increased their price objective for the company from $18.00 to $19.00 in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and an average price target of $29.75.

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.