34,025 Shares in Embraer S.A. (NYSE:ERJ) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in shares of Embraer S.A. (NYSE:ERJ - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 34,025 shares of the aerospace company's stock, valued at approximately $1,203,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Embraer during the 2nd quarter valued at about $2,458,000. LVW Advisors LLC acquired a new position in shares of Embraer during the 2nd quarter valued at about $257,000. SteelPeak Wealth LLC acquired a new position in shares of Embraer during the 2nd quarter valued at about $443,000. Blue Trust Inc. increased its holdings in shares of Embraer by 35.7% during the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company's stock valued at $313,000 after acquiring an additional 3,091 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Embraer during the 2nd quarter valued at about $3,019,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ERJ shares. 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. TD Cowen raised Embraer from a "hold" rating to a "buy" rating and raised their target price for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, Bank of America raised their target price on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Embraer presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.43.

Embraer Price Performance

NYSE ERJ traded up $0.15 on Tuesday, reaching $37.15. The company's stock had a trading volume of 758,467 shares, compared to its average volume of 1,579,388. Embraer S.A. has a 52 week low of $16.88 and a 52 week high of $40.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm has a market cap of $6.82 billion, a PE ratio of 13.60 and a beta of 1.72. The business has a 50-day moving average price of $35.88 and a 200 day moving average price of $32.49.

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.