Citigroup Inc. Has $2.05 Million Position in Embraer S.A. (NYSE:ERJ)

Citigroup Inc. lowered its position in Embraer S.A. (NYSE:ERJ – Get Rating) by 15.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,614 shares of the aerospace company’s stock after selling 35,155 shares during the period. Citigroup Inc. owned 0.10% of Embraer worth $2,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ERJ. Renaissance Technologies LLC grew its holdings in Embraer by 148.1% during the first quarter. Renaissance Technologies LLC now owns 2,869,400 shares of the aerospace company’s stock valued at $36,183,000 after purchasing an additional 1,712,800 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Embraer by 3,184.0% during the third quarter. Canada Pension Plan Investment Board now owns 1,274,200 shares of the aerospace company’s stock valued at $10,958,000 after purchasing an additional 1,235,400 shares during the last quarter. BlackRock Inc. grew its holdings in Embraer by 172.0% during the third quarter. BlackRock Inc. now owns 1,515,750 shares of the aerospace company’s stock valued at $13,037,000 after purchasing an additional 958,585 shares during the last quarter. SPX Gestao de Recursos Ltda grew its holdings in Embraer by 39.5% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 3,138,792 shares of the aerospace company’s stock valued at $34,307,000 after purchasing an additional 888,976 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in Embraer by 7,053.4% during the third quarter. Verition Fund Management LLC now owns 857,902 shares of the aerospace company’s stock valued at $7,378,000 after purchasing an additional 845,909 shares during the last quarter. Institutional investors and hedge funds own 37.89% of the company’s stock.

Wall Street Analyst Weigh In

ERJ has been the topic of several research analyst reports. Bank of America lowered their price objective on shares of Embraer from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. The Goldman Sachs Group raised their price objective on shares of Embraer from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. TheStreet upgraded shares of Embraer from a “d+” rating to a “c-” rating in a research note on Wednesday, February 8th. Citigroup raised their price objective on shares of Embraer from $11.75 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 23rd. Finally, StockNews.com upgraded shares of Embraer from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.25.

Embraer Stock Up 2.4 %

Shares of ERJ stock opened at $14.31 on Friday. The stock has a market cap of $2.63 billion, a P/E ratio of -477.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.28. Embraer S.A. has a one year low of $7.91 and a one year high of $16.75. The stock has a fifty day moving average price of $15.22 and a 200 day moving average price of $12.98. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.75 and a quick ratio of 0.94.

Embraer (NYSE:ERJ – Get Rating) last issued its earnings results on Friday, March 10th. The aerospace company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.06). The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.02 billion. Embraer had a positive return on equity of 0.65% and a negative net margin of 0.08%. Analysts predict that Embraer S.A. will post 1.03 earnings per share for the current year.

Embraer Profile

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Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing.