Healthcare of Ontario Pension Plan Trust Fund Invests $10.61 Million in Embraer S.A. (NYSE:ERJ)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Embraer S.A. (NYSE:ERJ - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 300,000 shares of the aerospace company's stock, valued at approximately $10,611,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brendel Financial Advisors LLC acquired a new stake in Embraer in the 3rd quarter valued at about $202,000. SG Americas Securities LLC purchased a new position in Embraer during the second quarter worth approximately $2,458,000. SteelPeak Wealth LLC acquired a new position in Embraer during the second quarter worth $443,000. Blue Trust Inc. grew its holdings in Embraer by 35.7% in the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company's stock valued at $313,000 after buying an additional 3,091 shares in the last quarter. Finally, Atria Investments Inc acquired a new stake in shares of Embraer in the 1st quarter worth $1,671,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Stock Up 0.1 %

NYSE ERJ traded up $0.03 on Friday, reaching $38.23. The stock had a trading volume of 803,011 shares, compared to its average volume of 1,601,702. Embraer S.A. has a 12-month low of $16.72 and a 12-month high of $40.34. The stock has a fifty day moving average price of $35.66 and a two-hundred day moving average price of $32.07. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ERJ shares. TD Cowen raised shares of Embraer from a "hold" rating to a "buy" rating and upped their price objective for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. UBS Group cut Embraer from a "neutral" rating to a "sell" rating and upped their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.43.

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.