Embraer S.A. (NYSE:ERJ) Stock Position Increased by State Street Corp

State Street Corp lifted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 368,662 shares of the aerospace company’s stock after acquiring an additional 4,666 shares during the period. State Street Corp’s holdings in Embraer were worth $13,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in shares of Embraer during the 2nd quarter valued at about $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Embraer in the 2nd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. grew its position in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of Embraer in the second quarter valued at $71,000. Finally, Signaturefd LLC boosted its position in shares of Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after buying an additional 414 shares during the period. 34.65% of the stock is owned by institutional investors.

Embraer Stock Performance

NYSE ERJ opened at $36.58 on Thursday. The stock has a market cap of $6.72 billion, a P/E ratio of 13.45 and a beta of 1.72. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company’s 50-day simple moving average is $36.60 and its 200 day simple moving average is $33.15. Embraer S.A. has a twelve month low of $16.88 and a twelve month high of $40.34.

Analyst Ratings Changes

Several brokerages recently issued reports on ERJ. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

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.