Itau Unibanco Holding S.A. Sells 422,206 Shares of Embraer S.A. (NYSE:ERJ)

Itau Unibanco Holding S.A. lessened its position in Embraer S.A. (NYSE:ERJ - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 690,108 shares of the aerospace company's stock after selling 422,206 shares during the quarter. Embraer accounts for approximately 0.8% of Itau Unibanco Holding S.A.'s portfolio, making the stock its 25th largest holding. Itau Unibanco Holding S.A. owned about 0.38% of Embraer worth $25,313,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Embraer during the fourth quarter valued at approximately $28,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Embraer in the fourth quarter worth $37,000. Lindbrook Capital LLC lifted 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 purchasing an additional 389 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Embraer during the fourth quarter valued at $71,000. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in Embraer by 71.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock worth $71,000 after buying an additional 809 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Performance

Shares of NYSE:ERJ traded down $0.19 during midday trading on Monday, hitting $46.53. The company had a trading volume of 1,535,222 shares, compared to its average volume of 1,580,205. Embraer S.A. has a 12-month low of $25.24 and a 12-month high of $56.61. The company has a fifty day moving average of $46.84 and a two-hundred day moving average of $41.28. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 17.11 and a beta of 1.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.47 by $0.47. The firm had revenue of $2.31 billion for 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%. On average, equities research analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ERJ has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Finally, UBS Group reaffirmed a "sell" rating and issued a $39.00 price objective (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.25.

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.