Embraer S.A. (NYSE:ERJ) Shares Sold by Mariner LLC

Mariner LLC cut its position in Embraer S.A. (NYSE:ERJ) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,781 shares of the aerospace company’s stock after selling 246 shares during the period. Mariner LLC’s holdings in Embraer were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on ERJ shares. The Goldman Sachs Group lifted their price target 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 research report on Monday, March 24th. UBS Group reissued a “sell” rating and set a $39.00 price objective (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. Finally, StockNews.com downgraded Embraer from a “buy” rating to a “hold” rating in a research note 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Embraer Stock Performance

Shares of ERJ stock opened at $46.53 on Tuesday. The stock has a fifty day moving average price of $46.92 and a 200 day moving average price of $41.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock has a market cap of $8.55 billion, a PE ratio of 17.11 and a beta of 1.67. Embraer S.A. has a 1 year low of $25.24 and a 1 year high of $56.61.

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 the consensus estimate of $0.47 by $0.47. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. Sell-side analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Embraer 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.