Dorsey Wright & Associates Has $4.21 Million Stake in Embraer S.A. (NYSE:ERJ)

Dorsey Wright & Associates cut its stake in shares of Embraer S.A. (NYSE:ERJ) by 21.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 114,810 shares of the aerospace company’s stock after selling 32,063 shares during the quarter. Dorsey Wright & Associates’ holdings in Embraer were worth $4,211,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ERJ. Principal Financial Group Inc. raised its position in Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock valued at $6,514,000 after purchasing an additional 8,938 shares during the last quarter. Ninety One North America Inc. increased its stake in shares of Embraer by 14.5% in the fourth quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock valued at $3,098,000 after buying an additional 10,665 shares during the period. Stifel Financial Corp raised its holdings in Embraer by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after buying an additional 18,656 shares during the last quarter. QRG Capital Management Inc. acquired a new stake in Embraer during the 4th quarter worth approximately $243,000. Finally, Thrivent Financial for Lutherans bought a new stake in Embraer during the 3rd quarter worth approximately $981,000. 34.65% of the stock is currently owned by institutional investors.

Embraer Trading Down 2.6 %

Shares of ERJ stock opened at $46.26 on Friday. The company has a market cap of $8.50 billion, a P/E ratio of 17.01 and a beta of 1.70. Embraer S.A. has a fifty-two week low of $23.42 and a fifty-two week high of $56.61. The stock has a 50 day simple moving average of $45.77 and a two-hundred day simple moving average of $39.58. 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 released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. Research analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ERJ shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. The Goldman Sachs Group lifted their target price on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Embraer currently has an average rating of “Moderate Buy” and an average 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.