Embraer S.A. (NYSE:ERJ) is Oldfield Partners LLP’s 7th Largest Position

Oldfield Partners LLP reduced its position in shares of Embraer S.A. (NYSE:ERJ) by 24.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,533 shares of the aerospace company’s stock after selling 105,780 shares during the period. Embraer comprises approximately 3.4% of Oldfield Partners LLP’s portfolio, making the stock its 7th largest position. Oldfield Partners LLP owned approximately 0.17% of Embraer worth $11,684,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Embraer in the second quarter valued at $41,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after buying an additional 456 shares during the period. Signaturefd LLC lifted its holdings in shares of Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares in the last quarter. Brendel Financial Advisors LLC purchased a new stake in shares of Embraer in the third quarter valued at about $202,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Embraer in the third quarter valued at about $242,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Embraer Trading Down 0.5 %

Shares of NYSE:ERJ opened at $40.31 on Wednesday. The company has a market cap of $7.40 billion, a PE ratio of 14.88 and a beta of 1.71. The company’s 50-day moving average price is $37.92 and its 200 day moving average price is $35.01. Embraer S.A. has a fifty-two week low of $17.19 and a fifty-two week high of $41.90. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ) last released its earnings results on Friday, November 8th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.28 by $0.92. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. During the same quarter last year, the company earned $0.18 EPS. Sell-side analysts anticipate that Embraer S.A. will post 2.06 earnings per share for the current year.

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.