Fmr LLC Has $57.51 Million Stock Position in Embraer S.A. (NYSE:ERJ)

FMR LLC decreased its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 35.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,626,022 shares of the aerospace company's stock after selling 883,589 shares during the quarter. FMR LLC's holdings in Embraer were worth $57,512,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Embraer by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company's stock worth $59,450,000 after purchasing an additional 137,695 shares in the last quarter. Renaissance Technologies LLC lifted its position in Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company's stock worth $42,539,000 after purchasing an additional 197,600 shares during the period. Driehaus Capital Management LLC grew its stake in Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock worth $37,141,000 after buying an additional 728,592 shares in the last quarter. Jennison Associates LLC raised its position in shares of Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock valued at $47,100,000 after buying an additional 672,644 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Embraer during the 3rd quarter worth approximately $30,358,000. Institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

Embraer Price Performance

Shares of ERJ traded up $0.34 during trading hours on Friday, reaching $37.84. The stock had a trading volume of 1,035,913 shares, compared to its average volume of 1,313,128. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a 12 month low of $16.88 and a 12 month high of $40.34. The company's 50-day moving average is $35.85 and its two-hundred day moving average is $32.41.

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.