Boston Partners Sells 11,767 Shares of Embraer S.A. (NYSE:ERJ)

Boston Partners lowered its position in Embraer S.A. (NYSE:ERJ) by 9.1% during the 4th quarter, Holdings Channel reports. The fund owned 117,477 shares of the aerospace company’s stock after selling 11,767 shares during the period. Boston Partners’ holdings in Embraer were worth $4,309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in shares of Embraer in the 4th quarter worth $28,000. SPX Gestao de Recursos Ltda bought a new position in shares of Embraer in the fourth quarter valued at $37,000. Lindbrook Capital LLC grew its holdings in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after buying an additional 389 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Embraer during the fourth quarter worth about $71,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Embraer in the 4th quarter worth about $124,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of recent research reports. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. The Goldman Sachs Group upped their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.60.

Embraer Stock Performance

Shares of ERJ opened at $52.72 on Friday. The stock has a 50 day moving average of $44.81 and a 200 day moving average of $39.06. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 19.38 and a beta of 1.70. Embraer S.A. has a 12 month low of $23.42 and a 12 month high of $56.61. 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 (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. As a group, sell-side analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current year.

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.