North of South Capital LLP Sells 98,869 Shares of Embraer S.A. (NYSE:ERJ)

North of South Capital LLP reduced its stake in shares of Embraer S.A. (NYSE:ERJ) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 875,161 shares of the aerospace company’s stock after selling 98,869 shares during the quarter. Embraer comprises about 3.9% of North of South Capital LLP’s investment portfolio, making the stock its 11th biggest position. North of South Capital LLP owned 0.48% of Embraer worth $32,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ERJ. Ninety One North America Inc. boosted its holdings 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 purchasing an additional 10,665 shares during the period. Stifel Financial Corp boosted its holdings in shares of Embraer by 33.0% in the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock valued at $2,661,000 after purchasing an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Embraer in the third quarter valued at approximately $10,611,000. Thrivent Financial for Lutherans purchased a new stake in shares of Embraer in the third quarter valued at approximately $981,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $384,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ERJ. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America boosted their price objective 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. One equities research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Embraer Trading Up 0.8 %

Shares of Embraer stock opened at $43.10 on Friday. The firm has a market capitalization of $7.92 billion, a PE ratio of 15.85 and a beta of 1.71. Embraer S.A. has a twelve month low of $18.02 and a twelve month high of $46.10. The firm’s 50-day moving average price is $39.34 and its 200 day moving average price is $36.44. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

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.