Advisors Asset Management Inc. Has $555,000 Position in Embraer S.A. (NYSE:ERJ)

Advisors Asset Management Inc. increased its position in Embraer S.A. (NYSE:ERJ) by 153.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,694 shares of the aerospace company’s stock after buying an additional 9,512 shares during the period. Advisors Asset Management Inc.’s holdings in Embraer were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ERJ. Artemis Investment Management LLP acquired a new position in Embraer in the third quarter worth approximately $30,358,000. Driehaus Capital Management LLC grew its holdings in Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Jennison Associates LLC grew its holdings in Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after purchasing an additional 672,644 shares during the last quarter. Nicholas Investment Partners LP grew its holdings in Embraer by 424.7% during the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after purchasing an additional 426,153 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Embraer by 76.5% during the second quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after purchasing an additional 308,729 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Price Performance

ERJ opened at $38.20 on Thursday. Embraer S.A. has a 1-year low of $16.25 and a 1-year high of $40.34. The business has a 50 day moving average of $35.53 and a 200-day moving average of $31.98. 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

Several equities analysts have commented on ERJ shares. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. UBS Group cut 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 research report on Tuesday, November 19th. Finally, TD Cowen raised Embraer from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. One 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.