Schechter Investment Advisors LLC Sells 3,163 Shares of Embraer S.A. (NYSE:ERJ)

Schechter Investment Advisors LLC lowered its position in shares of Embraer S.A. (NYSE:ERJ) by 8.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 32,653 shares of the aerospace company’s stock after selling 3,163 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Embraer were worth $1,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC increased its position in shares of Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after acquiring an additional 672,644 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer during the fourth quarter valued at approximately $42,313,000. Itau Unibanco Holding S.A. increased its position in shares of Embraer by 54.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock valued at $39,343,000 after acquiring an additional 393,696 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of Embraer by 50.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock valued at $36,547,000 after acquiring an additional 334,206 shares in the last quarter. Finally, State Street Corp increased its position in shares of Embraer by 1.3% during the third quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock valued at $13,040,000 after acquiring an additional 4,666 shares in the last quarter. Institutional investors own 34.65% of the company’s stock.

Analysts Set New Price Targets

ERJ has been the subject of several analyst reports. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their target price on shares of Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Sunday. Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Embraer Trading Up 4.9 %

Shares of Embraer stock opened at $49.97 on Tuesday. The company’s fifty day simple moving average is $40.52 and its 200-day simple moving average is $37.24. The stock has a market capitalization of $9.18 billion, a PE ratio of 18.37 and a beta of 1.71. Embraer S.A. has a 1-year low of $20.74 and a 1-year high of $52.00. 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) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.47. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. As a group, equities analysts anticipate 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.