Embraer S.A. (NYSE:ERJ) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC trimmed its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,846 shares of the aerospace company's stock after selling 11,362 shares during the period. Embraer comprises 1.2% of Congress Park Capital LLC's investment portfolio, making the stock its 25th biggest holding. Congress Park Capital LLC owned approximately 0.05% of Embraer worth $3,442,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Embraer during the 2nd quarter valued at about $349,000. Commonwealth Equity Services LLC lifted its position in shares of Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company's stock worth $573,000 after purchasing an additional 390 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Embraer in the second quarter valued at approximately $1,517,000. Renaissance Technologies LLC grew its holdings in shares of Embraer by 13.6% in the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company's stock valued at $42,539,000 after purchasing an additional 197,600 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Embraer by 19.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,873 shares of the aerospace company's stock worth $616,000 after buying an additional 3,815 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on ERJ. StockNews.com raised shares of Embraer from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. UBS Group lowered 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 report on Tuesday, November 19th. Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, TD Cowen raised Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.43.

Embraer Stock Down 0.9 %

Embraer stock traded down $0.36 during midday trading on Friday, reaching $39.37. The company's stock had a trading volume of 832,522 shares, compared to its average volume of 894,075. The company has a market cap of $7.23 billion, a P/E ratio of 14.47 and a beta of 1.71. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $37.54 and a 200-day simple moving average of $34.18. Embraer S.A. has a fifty-two week low of $16.89 and a fifty-two week high of $40.34.

Embraer 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.