Russell Investments Group Ltd. Has $4.59 Million Stake in Embraer S.A. (NYSE:ERJ)

Russell Investments Group Ltd. lessened its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,235 shares of the aerospace company's stock after selling 46,430 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Embraer worth $4,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ERJ. Principal Financial Group Inc. increased its position in Embraer by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock worth $6,514,000 after purchasing an additional 8,938 shares in the last quarter. Ninety One North America Inc. grew its stake in shares of Embraer by 14.5% during the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock worth $3,098,000 after buying an additional 10,665 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after buying an additional 18,656 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Embraer in the 4th quarter valued at $243,000. Finally, Truist Financial Corp boosted its holdings in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 470 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer Trading Down 3.1 %

Shares of Embraer stock traded down $1.35 during midday trading on Monday, reaching $42.21. The company had a trading volume of 1,155,559 shares, compared to its average volume of 1,619,233. The firm has a market cap of $7.75 billion, a PE ratio of 15.52 and a beta of 1.36. The stock has a fifty day moving average price of $46.33 and a 200 day moving average price of $40.55. 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 S.A. has a fifty-two week low of $23.91 and a fifty-two week high of $56.61.

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, beating analysts' consensus estimates of $0.47 by $0.47. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.21 billion. On average, equities analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on ERJ. The Goldman Sachs Group increased 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. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Wolfe Research reissued 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Embraer currently has an average rating of "Moderate Buy" and an average target price of $44.50.

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.