American Century Companies Inc. Has $83.58 Million Position in Embraer S.A. (NYSE:ERJ)

American Century Companies Inc. lessened its stake in shares of Embraer S.A. (NYSE:ERJ) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,278,659 shares of the aerospace company’s stock after selling 55,563 shares during the period. American Century Companies Inc. owned 1.24% of Embraer worth $83,581,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in Embraer in the 3rd quarter worth $981,000. Advisors Asset Management Inc. increased its stake in shares of Embraer by 153.9% in the third quarter. Advisors Asset Management Inc. now owns 15,694 shares of the aerospace company’s stock worth $555,000 after purchasing an additional 9,512 shares during the period. Citigroup Inc. increased its stake in shares of Embraer by 2.9% in the third quarter. Citigroup Inc. now owns 117,605 shares of the aerospace company’s stock worth $4,160,000 after purchasing an additional 3,354 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Embraer by 72.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,000 shares of the aerospace company’s stock worth $1,096,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Townsquare Capital LLC grew its holdings in Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after buying an additional 310 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ERJ. The Goldman Sachs Group increased their price objective on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research report on Monday. Finally, StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Embraer Stock Down 6.0 %

Shares of ERJ stock opened at $49.47 on Tuesday. Embraer S.A. has a one year low of $23.42 and a one year high of $56.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a fifty day moving average price of $45.05 and a 200 day moving average price of $39.23. The stock has a market cap of $9.09 billion, a P/E ratio of 18.19 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping 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 company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.21 billion. Analysts predict 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.