Embraer S.A. (NYSE:ERJ) Stock Position Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in Embraer S.A. (NYSE:ERJ) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,300,500 shares of the aerospace company’s stock after selling 181,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Embraer were worth $47,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after purchasing an additional 8,938 shares during the period. Ninety One North America Inc. lifted its position in shares of Embraer by 14.5% in the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock worth $3,098,000 after buying an additional 10,665 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of 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 period. QRG Capital Management Inc. bought a new stake in shares of Embraer during the 4th quarter valued at about $243,000. Finally, Truist Financial Corp raised its stake in 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 acquiring an additional 470 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Trading Down 4.7 %

NYSE:ERJ opened at $41.07 on Friday. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 15.10 and a beta of 1.36. 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 1 year low of $23.42 and a 1 year high of $56.61. The business has a fifty day moving average of $46.29 and a 200-day moving average of $40.13.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping 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%. Equities analysts predict that Embraer S.A. will post 2.04 earnings per share for the current year.

Wall Street Analyst Weigh In

ERJ has been the subject of a number of research reports. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Embraer Company 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.