Angeles Investment Advisors LLC Sells 312 Shares of Embraer S.A. (NYSE:ERJ)

Angeles Investment Advisors LLC decreased its position in shares of Embraer S.A. (NYSE:ERJ) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,441 shares of the aerospace company’s stock after selling 312 shares during the period. Angeles Investment Advisors LLC’s holdings in Embraer were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ERJ. Jones Financial Companies Lllp acquired a new stake in Embraer during the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Embraer in the fourth quarter valued at $37,000. Lindbrook Capital LLC raised its holdings in shares of 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 buying an additional 389 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Embraer during the 4th quarter worth about $71,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Embraer during the 4th quarter worth about $124,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ERJ has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.

Embraer Stock Up 0.4 %

Shares of NYSE:ERJ opened at $52.72 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 19.38 and a beta of 1.70. The company has a 50 day moving average of $44.81 and a 200-day moving average of $39.13. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. On average, sell-side analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current year.

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.