Schechter Investment Advisors LLC Reduces Stock Position in Embraer S.A. (NYSE:ERJ)

Schechter Investment Advisors LLC reduced its position in shares of Embraer S.A. (NYSE:ERJ) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,653 shares of the aerospace company’s stock after selling 3,163 shares during the period. Schechter Investment Advisors LLC’s holdings in Embraer were worth $1,198,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new stake in shares of Embraer during the fourth quarter worth about $28,000. Venturi Wealth Management LLC purchased a new stake in shares of Embraer during the fourth quarter worth about $71,000. US Bancorp DE boosted its holdings in shares of Embraer by 13.4% during the fourth 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. Truist Financial Corp boosted its holdings in shares of Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 470 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in shares of Embraer during the fourth quarter worth about $243,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Embraer Price Performance

Shares of NYSE ERJ opened at $49.97 on Tuesday. Embraer S.A. has a fifty-two week low of $20.74 and a fifty-two week high of $52.00. The company has a 50 day simple moving average of $40.52 and a two-hundred day simple moving average of $37.24. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 18.37 and a beta of 1.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Embraer (NYSE:ERJ) last announced its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share 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 business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal 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.