Stifel Financial Corp Increases Stake in Embraer S.A. (NYSE:ERJ)

Stifel Financial Corp lifted its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,219 shares of the aerospace company's stock after buying an additional 18,656 shares during the period. Stifel Financial Corp's holdings in Embraer were worth $2,661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Zweig DiMenna Associates LLC bought a new stake in Embraer in the 2nd quarter worth about $3,019,000. Calamos Advisors LLC grew its holdings in shares of Embraer by 118.6% during the second quarter. Calamos Advisors LLC now owns 71,189 shares of the aerospace company's stock valued at $1,837,000 after buying an additional 38,622 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Embraer during the second quarter worth $349,000. Legato Capital Management LLC increased its holdings in Embraer by 269.6% in the 2nd quarter. Legato Capital Management LLC now owns 48,365 shares of the aerospace company's stock worth $1,248,000 after acquiring an additional 35,278 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its holdings in Embraer by 11.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 40,120 shares of the aerospace company's stock valued at $1,035,000 after purchasing an additional 4,081 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Performance

Shares of ERJ traded up $1.55 during midday trading on Thursday, reaching $36.58. 1,017,209 shares of the stock were exchanged, compared to its average volume of 1,562,958. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.45 and a beta of 1.72. Embraer S.A. has a twelve month low of $16.88 and a twelve month high of $40.34. The business's 50-day moving average price is $36.34 and its 200 day moving average price is $32.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Analyst Ratings Changes

ERJ has been the subject of a number of recent analyst reports. TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and lifted their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Bank of America lifted their price objective 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. Finally, UBS Group lowered 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 report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Embraer has a consensus rating of "Moderate Buy" and a consensus 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.