Egerton Capital UK LLP Sells 73,098 Shares of Embraer S.A. (NYSE:ERJ)

Egerton Capital UK LLP trimmed its position in shares of Embraer S.A. (NYSE:ERJ) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,634,426 shares of the aerospace company’s stock after selling 73,098 shares during the quarter. Embraer comprises about 1.5% of Egerton Capital UK LLP’s investment portfolio, making the stock its 22nd largest position. Egerton Capital UK LLP’s holdings in Embraer were worth $133,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ERJ. State of New Jersey Common Pension Fund D increased its stake in shares of Embraer by 27.1% during the third 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 purchasing an additional 15,926 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Embraer during the 3rd quarter worth $1,072,000. Future Fund LLC boosted its stake in shares of Embraer by 36.5% during the 3rd quarter. Future Fund LLC now owns 35,056 shares of the aerospace company’s stock worth $1,164,000 after acquiring an additional 9,365 shares during the last quarter. Angeles Investment Advisors LLC boosted its stake in shares of Embraer by 3.0% during the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 338 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Embraer during the 3rd quarter worth $253,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

Embraer stock opened at $50.66 on Wednesday. The company’s 50-day moving average price is $42.29 and its 200-day moving average price is $38.02. Embraer S.A. has a twelve month low of $20.74 and a twelve month high of $53.19. 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 company has a market cap of $9.30 billion, a PE ratio of 18.63 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ERJ shares. UBS Group cut shares of 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 note on Tuesday, November 19th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group lifted 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. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Bank of America lifted their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.