Embraer S.A. (NYSE:ERJ) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,643 shares of the aerospace company's stock after selling 31,409 shares during the period. Alberta Investment Management Corp owned approximately 0.06% of Embraer worth $4,278,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ERJ. Ninety One North America Inc. boosted its position in shares of Embraer by 14.5% during the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock valued at $3,098,000 after acquiring an additional 10,665 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Embraer by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after buying an additional 18,656 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Embraer during the 3rd quarter valued at approximately $10,611,000. Thrivent Financial for Lutherans acquired a new position in Embraer in the third quarter valued at approximately $981,000. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Embraer in the fourth quarter worth approximately $384,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on ERJ. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and lifted their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Bank of America boosted their price target 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. Finally, StockNews.com upgraded shares of Embraer from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.50.

Embraer Stock Performance

NYSE ERJ traded down $1.83 on Friday, hitting $41.26. 1,472,785 shares of the company's stock were exchanged, compared to its average volume of 1,168,188. 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 firm's 50-day moving average price is $39.34 and its two-hundred day moving average price is $36.44. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 15.17 and a beta of 1.71. Embraer S.A. has a fifty-two week low of $18.15 and a fifty-two week high of $46.10.

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.