Thrivent Financial for Lutherans purchased a new stake in Embraer S.A. (NYSE:ERJ - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,715 shares of the aerospace company's stock, valued at approximately $981,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc acquired a new position in Embraer during the first quarter worth $1,671,000. Cetera Advisors LLC bought a new stake in Embraer during the first quarter worth about $781,000. Boston Partners acquired a new stake in Embraer during the first quarter worth approximately $997,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Embraer during the second quarter worth approximately $44,000. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Embraer by 6.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company's stock valued at $277,000 after purchasing an additional 652 shares in the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ERJ has been the subject of several recent research reports. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and boosted their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, UBS Group lowered Embraer from a "neutral" rating to a "sell" rating and increased their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Embraer presently has an average rating of "Moderate Buy" and an average price target of $37.43.
Read Our Latest Stock Analysis on Embraer
Embraer Price Performance
Embraer stock traded down $0.97 during mid-day trading on Tuesday, reaching $37.03. 891,640 shares of the company were exchanged, compared to its average volume of 1,595,670. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34. The business has a fifty day moving average of $35.77 and a 200 day moving average of $32.24. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.
About Embraer
(
Free Report)
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.
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