State Street Corp Increases Stake in Embraer S.A. (NYSE:ERJ)

State Street Corp raised its holdings in Embraer S.A. (NYSE:ERJ) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 368,662 shares of the aerospace company’s stock after purchasing an additional 4,666 shares during the quarter. 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 large investors have also modified their holdings of the company. Townsquare Capital LLC grew its holdings in Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after acquiring an additional 310 shares during the period. Angeles Investment Advisors LLC increased its position in shares of Embraer by 3.0% in the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares in the last quarter. LVW Advisors LLC boosted its position in shares of Embraer by 3.4% in the 3rd quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock worth $365,000 after buying an additional 340 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in Embraer by 0.6% during the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after buying an additional 385 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock valued at $573,000 after acquiring an additional 390 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Embraer Stock Performance

Shares of ERJ opened at $36.58 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The business’s fifty day moving average price is $36.60 and its 200 day moving average price is $33.15. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34. The stock has a market capitalization of $6.72 billion, a PE ratio of 13.45 and a beta of 1.72.

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.