Principal Financial Group Inc. Has $5.97 Million Stock Position in Embraer S.A. (NYSE:ERJ)

Principal Financial Group Inc. lowered its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 32.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,664 shares of the aerospace company's stock after selling 80,898 shares during the period. Principal Financial Group Inc. owned approximately 0.09% of Embraer worth $5,966,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp acquired a new position in Embraer during the 2nd quarter valued at about $349,000. Commonwealth Equity Services LLC increased its stake 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 valued at $573,000 after acquiring an additional 390 shares during the period. Ritholtz Wealth Management raised its holdings in Embraer by 17.6% during the second quarter. Ritholtz Wealth Management now owns 35,493 shares of the aerospace company's stock worth $916,000 after purchasing an additional 5,315 shares in the last quarter. National Bank of Canada FI acquired a new stake in Embraer in the second quarter worth approximately $5,065,000. Finally, Asset Dedication LLC bought a new position in Embraer during the 2nd quarter valued at $71,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Embraer Trading Up 3.3 %

Shares of NYSE:ERJ traded up $1.21 during mid-day trading on Thursday, hitting $37.89. The stock had a trading volume of 903,492 shares, compared to its average volume of 1,534,791. The company's 50 day moving average is $36.78 and its 200-day moving average is $33.41. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company has a market cap of $6.96 billion, a PE ratio of 13.93 and a beta of 1.72.

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.