Simplicity Wealth LLC Sells 1,400 Shares of Embraer S.A. (NYSE:ERJ)

Simplicity Wealth LLC lowered its holdings in shares of Embraer S.A. (NYSE:ERJ) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 675,400 shares of the aerospace company’s stock after selling 1,400 shares during the quarter. Embraer accounts for about 5.2% of Simplicity Wealth LLC’s portfolio, making the stock its 3rd biggest position. Simplicity Wealth LLC owned about 0.37% of Embraer worth $24,774,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Leavell Investment Management Inc. acquired a new stake in Embraer in the 3rd quarter valued at approximately $285,000. State of New Jersey Common Pension Fund D raised its position in Embraer by 27.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 74,721 shares of the aerospace company’s stock valued at $2,643,000 after buying an additional 15,926 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Embraer in the 3rd quarter valued at approximately $1,072,000. Future Fund LLC raised its position in Embraer by 36.5% in the 3rd quarter. Future Fund LLC now owns 35,056 shares of the aerospace company’s stock valued at $1,164,000 after buying an additional 9,365 shares during the last quarter. Finally, Angeles Investment Advisors LLC raised its position in Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Down 1.6 %

ERJ stock opened at $51.04 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $41.72 and a two-hundred day moving average price of $37.77. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 18.76 and a beta of 1.70. Embraer S.A. has a twelve month low of $20.74 and a twelve month high of $53.19.

Embraer (NYSE:ERJ) last issued its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Analysts anticipate that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ERJ has been the topic of a number of recent research reports. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group lifted their target price on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and lifted their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, Bank of America raised their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

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.