JPMorgan Chase & Co. Decreases Stock Position in Embraer S.A. (NYSE:ERJ)

JPMorgan Chase & Co. reduced its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,353 shares of the aerospace company's stock after selling 92,301 shares during the period. JPMorgan Chase & Co. owned 0.12% of Embraer worth $7,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ERJ. Artemis Investment Management LLP acquired a new position in shares of Embraer in the third quarter worth $30,358,000. Driehaus Capital Management LLC raised its stake in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company's stock valued at $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Jennison Associates LLC lifted its holdings in 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 purchasing an additional 672,644 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Embraer by 54.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company's stock worth $39,343,000 after purchasing an additional 393,696 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Embraer by 76.5% in the second quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company's stock valued at $18,372,000 after buying an additional 308,729 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Trading Up 2.0 %

Shares of ERJ stock traded up $0.77 during mid-day trading on Wednesday, reaching $38.54. The company's stock had a trading volume of 1,261,400 shares, compared to its average volume of 742,759. The company's 50 day simple moving average is $37.39 and its 200-day simple moving average is $34.11. 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 $16.89 and a 12-month high of $40.34. The firm has a market capitalization of $7.08 billion, a PE ratio of 14.17 and a beta of 1.71.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ERJ. TD Cowen upgraded Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Bank of America lifted their price target on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, November 21st. UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and increased their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Embraer from a "hold" rating to a "buy" rating in a report on Wednesday, December 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.43.

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.