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

Headlands Technologies LLC trimmed its position in Embraer S.A. (NYSE:ERJ) by 80.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new position in Embraer during the 4th quarter worth approximately $42,313,000. Carrhae Capital LLP raised its holdings in shares of Embraer by 48.1% during the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Embraer by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock valued at $30,247,000 after purchasing an additional 746,758 shares during the period. Victory Capital Management Inc. purchased a new stake in Embraer in the fourth quarter valued at $25,024,000. Finally, TimesSquare Capital Management LLC boosted its holdings in Embraer by 50.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock valued at $36,547,000 after purchasing an additional 334,206 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

ERJ has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.50.

Embraer Stock Down 7.8 %

NYSE ERJ opened at $41.64 on Friday. The business has a fifty day moving average price of $46.18 and a 200 day moving average price of $39.87. 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 company has a market cap of $7.65 billion, a P/E ratio of 15.31 and a beta of 1.36. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61.

Embraer (NYSE:ERJ) last posted 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. 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 the consensus estimate of $2.21 billion. Research analysts anticipate that Embraer S.A. will post 2.04 EPS 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.