Artemis Investment Management LLP Sells 152,648 Shares of Embraer S.A. (NYSE:ERJ)

Artemis Investment Management LLP decreased its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 17.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 705,638 shares of the aerospace company's stock after selling 152,648 shares during the quarter. Artemis Investment Management LLP owned about 0.38% of Embraer worth $25,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Brendel Financial Advisors LLC bought a new stake in shares of Embraer during the 3rd quarter valued at $202,000. Stifel Financial Corp increased its position in shares of Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock valued at $2,661,000 after buying an additional 18,656 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Embraer in the third quarter valued at approximately $10,611,000. Thrivent Financial for Lutherans purchased a new position in Embraer during the third quarter valued at approximately $981,000. Finally, XTX Topco Ltd bought a new stake in Embraer during the 3rd quarter worth approximately $1,203,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

ERJ has been the subject of a number of recent analyst reports. Bank of America boosted their price target on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. StockNews.com upgraded Embraer from a "hold" rating to a "buy" rating in a research report on Wednesday, December 25th. UBS Group cut Embraer from a "neutral" rating to a "sell" rating and raised their price target for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, TD Cowen raised Embraer to a "strong-buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has given a hold 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 company currently has an average rating of "Moderate Buy" and an average target price of $37.43.

Embraer Price Performance

ERJ traded down $0.36 during midday trading on Monday, hitting $39.37. The stock had a trading volume of 832,522 shares, compared to its average volume of 615,657. The company has a market cap of $7.23 billion, a P/E ratio of 14.47 and a beta of 1.71. Embraer S.A. has a 1 year low of $16.89 and a 1 year high of $40.34. The business has a fifty day moving average of $37.58 and a 200 day moving average of $34.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

About Embraer

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.