Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 64.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,849 shares of the aerospace company's stock after selling 142,809 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Embraer were worth $2,754,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Brendel Financial Advisors LLC purchased a new position in Embraer in the third quarter worth $202,000. SteelPeak Wealth LLC acquired a new stake in shares of Embraer in the second quarter valued at about $443,000. SG Americas Securities LLC purchased a new stake in Embraer during the second quarter worth about $2,458,000. Atria Investments Inc acquired a new position in Embraer during the first quarter worth about $1,671,000. Finally, Blue Trust Inc. increased its holdings in Embraer by 35.7% in the second 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. 34.65% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Bank of America upped their price target on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday. TD Cowen upgraded Embraer from a "hold" rating to a "buy" rating and raised their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and boosted their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.43.
Read Our Latest Research Report on Embraer
Embraer Stock Down 0.3 %
Embraer stock traded down $0.10 during midday trading on Monday, reaching $38.90. 1,077,895 shares of the company were exchanged, compared to its average volume of 1,602,566. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm's 50-day simple moving average is $35.43 and its 200-day simple moving average is $31.88. Embraer S.A. has a 1 year low of $16.25 and a 1 year high of $39.46.
Embraer Company Profile
(
Free Report)
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.
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