Principal Financial Group Inc. Has $5.97 Million Stock Position in Embraer S.A. (NYSE:ERJ)

Principal Financial Group Inc. lessened its holdings in Embraer S.A. (NYSE:ERJ) by 32.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,664 shares of the aerospace company’s stock after selling 80,898 shares during the period. Principal Financial Group Inc. owned 0.09% of Embraer worth $5,966,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ERJ. Virtu Financial LLC grew its holdings in Embraer by 164.4% during the third quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company’s stock valued at $1,312,000 after purchasing an additional 23,056 shares during the last quarter. Dorsey Wright & Associates grew its stake in Embraer by 13.5% in the 3rd quarter. Dorsey Wright & Associates now owns 146,873 shares of the aerospace company’s stock valued at $5,195,000 after buying an additional 17,484 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in Embraer by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 44,174 shares of the aerospace company’s stock worth $1,562,000 after acquiring an additional 1,241 shares during the period. XTX Topco Ltd bought a new stake in Embraer during the third quarter valued at about $1,203,000. Finally, State Street Corp grew its position in shares of Embraer by 1.3% in the third quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock valued at $13,040,000 after purchasing an additional 4,666 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports 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 report on Thursday, November 21st. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Embraer has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Embraer Stock Up 0.8 %

Shares of NYSE:ERJ opened at $36.68 on Thursday. The company has a market capitalization of $6.74 billion, a PE ratio of 13.49 and a beta of 1.72. Embraer S.A. has a 52 week low of $16.88 and a 52 week high of $40.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company’s fifty day moving average is $36.78 and its 200-day moving average is $33.41.

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.