Embraer S.A. (NYSE:ERJ) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in Embraer S.A. (NYSE:ERJ - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 870,420 shares of the aerospace company's stock after selling 29,337 shares during the period. Vanguard Group Inc. owned about 0.47% of Embraer worth $31,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC lifted its holdings in shares of Embraer by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock valued at $279,000 after buying an additional 296 shares during the period. LVW Advisors LLC lifted its holdings in Embraer by 3.3% in the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock valued at $391,000 after acquiring an additional 340 shares during the period. Lindbrook Capital LLC lifted its holdings in Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 389 shares during the period. US Bancorp DE grew its stake in shares of Embraer by 13.4% during the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after purchasing an additional 395 shares during the period. Finally, Truist Financial Corp lifted its stake in shares of Embraer by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Price Performance

Embraer stock traded up $1.00 during mid-day trading on Friday, hitting $43.56. 1,389,701 shares of the company were exchanged, compared to its average volume of 1,621,180. Embraer S.A. has a 12-month low of $23.57 and a 12-month high of $56.61. The company has a market capitalization of $8.00 billion, a P/E ratio of 16.01 and a beta of 1.36. The business's 50 day simple moving average is $46.31 and its two-hundred day simple moving average is $40.40. 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 analysts' consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. Analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

ERJ has been the subject of a number of research reports. StockNews.com downgraded shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. The Goldman Sachs Group lifted their price objective on Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Finally, TD Cowen raised Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

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.