SG Americas Securities LLC Decreases Position in Embraer S.A. (NYSE:ERJ)

SG Americas Securities LLC lowered its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,198 shares of the aerospace company's stock after selling 9,132 shares during the period. SG Americas Securities LLC's holdings in Embraer were worth $191,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in Embraer by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company's stock worth $2,661,000 after acquiring an additional 18,656 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Embraer in the 3rd quarter worth $10,611,000. Thrivent Financial for Lutherans purchased a new stake in shares of Embraer in the 3rd quarter worth about $981,000. XTX Topco Ltd purchased a new stake in shares of Embraer in the 3rd quarter worth about $1,203,000. Finally, State Street Corp lifted its position in shares of Embraer by 1.3% in the 3rd quarter. State Street Corp now owns 368,662 shares of the aerospace company's stock worth $13,040,000 after purchasing an additional 4,666 shares during the period. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ERJ. TD Cowen raised shares of Embraer to a "strong-buy" rating in a research report on Thursday, December 19th. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and raised their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. 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 research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.50.

Embraer Stock Down 0.8 %

NYSE ERJ traded down $0.33 during trading hours on Wednesday, reaching $41.46. 885,589 shares of the company's stock traded hands, compared to its average volume of 1,178,700. Embraer S.A. has a 52-week low of $17.46 and a 52-week high of $46.10. The firm has a market cap of $7.61 billion, a PE ratio of 15.24 and a beta of 1.71. The firm has a 50-day simple moving average of $38.64 and a 200 day simple moving average of $35.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Embraer Company 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.