Citigroup Inc. Grows Stock Position in Embraer S.A. (NYSE:ERJ)

Citigroup Inc. grew its holdings in shares of Embraer S.A. (NYSE:ERJ) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,605 shares of the aerospace company’s stock after buying an additional 3,354 shares during the quarter. Citigroup Inc.’s holdings in Embraer were worth $4,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in shares of Embraer during the 1st quarter valued at approximately $781,000. U.S. Capital Wealth Advisors LLC increased its position in Embraer by 6.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock worth $277,000 after buying an additional 652 shares during the period. Southland Equity Partners LLC acquired a new stake in Embraer in the second quarter worth $271,000. SG Americas Securities LLC bought a new position in shares of Embraer in the second quarter worth $2,458,000. Finally, LVW Advisors LLC bought a new position in shares of Embraer in the second quarter worth $257,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ERJ shares. Bank of America raised their target price 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 Embraer from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Price Performance

ERJ opened at $37.03 on Wednesday. The business has a 50 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. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34.

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.