Shilanski & Associates Inc. Sells 561 Shares of Embraer S.A. (NYSE:ERJ)

Shilanski & Associates Inc. trimmed its position in Embraer S.A. (NYSE:ERJ) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,115 shares of the aerospace company’s stock after selling 561 shares during the quarter. Shilanski & Associates Inc.’s holdings in Embraer were worth $371,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brendel Financial Advisors LLC bought a new stake in shares of Embraer during the third quarter valued at approximately $202,000. Stifel Financial Corp raised its position 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. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Embraer in the 3rd quarter worth $10,611,000. Thrivent Financial for Lutherans bought a new position in shares of Embraer during the third quarter valued at about $981,000. Finally, XTX Topco Ltd purchased a new stake in Embraer in the third quarter worth $1,203,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Trading Up 0.6 %

Embraer stock opened at $41.52 on Friday. 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 S.A. has a fifty-two week low of $17.19 and a fifty-two week high of $41.90. The stock has a market cap of $7.62 billion, a P/E ratio of 15.26 and a beta of 1.71. The firm’s fifty day moving average price is $37.77 and its 200-day moving average price is $34.67.

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

Wall Street Analysts Forecast Growth

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

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.