Embraer S.A. (NYSE:ERJ) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Embraer S.A. (NYSE:ERJ) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 738,562 shares of the aerospace company’s stock after selling 34,823 shares during the period. Allspring Global Investments Holdings LLC owned about 0.40% of Embraer worth $13,626,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Embraer by 19.8% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,390 shares of the aerospace company’s stock worth $73,000 after acquiring an additional 890 shares during the period. Atlas Capital Advisors LLC grew its position in Embraer by 4.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 24,185 shares of the aerospace company’s stock worth $374,000 after purchasing an additional 978 shares during the last quarter. Raymond James & Associates increased its stake in shares of Embraer by 5.8% in the fourth quarter. Raymond James & Associates now owns 19,556 shares of the aerospace company’s stock valued at $214,000 after purchasing an additional 1,072 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Embraer by 10.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,406 shares of the aerospace company’s stock valued at $126,000 after buying an additional 1,413 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Embraer by 10.5% during the first quarter. HighTower Advisors LLC now owns 15,106 shares of the aerospace company’s stock worth $188,000 after buying an additional 1,433 shares during the period. Institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on ERJ shares. The Goldman Sachs Group raised their target price on Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. UBS Group restated a “neutral” rating and set a $28.50 price objective (up from $21.00) on shares of Embraer in a research note on Tuesday, March 26th. JPMorgan Chase & Co. increased their target price on shares of Embraer from $21.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Tuesday, March 26th. Finally, Morgan Stanley upped their price target on shares of Embraer from $19.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.75.

Embraer Price Performance

NYSE:ERJ opened at $24.15 on Tuesday. Embraer S.A. has a 52-week low of $12.48 and a 52-week high of $27.25. The company has a quick ratio of 0.93, a current ratio of 1.65 and a debt-to-equity ratio of 0.91. The business’s 50-day moving average price is $22.16 and its 200 day moving average price is $18.54.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Monday, March 18th. The aerospace company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.15. Embraer had a net margin of 3.11% and a return on equity of 2.80%. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $2.21 billion. As a group, sell-side analysts predict that Embraer S.A. will post 1.36 EPS for the current fiscal year.

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.