New York State Common Retirement Fund Sells 387,514 Shares of Embraer S.A. (NYSE:ERJ)

New York State Common Retirement Fund lessened its holdings in Embraer S.A. (NYSE:ERJ) by 65.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,396 shares of the aerospace company’s stock after selling 387,514 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Embraer worth $7,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninety One North America Inc. lifted its stake in Embraer by 14.5% in the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company’s stock valued at $3,098,000 after purchasing an additional 10,665 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Embraer by 33.0% during the third quarter. Stifel Financial Corp now owns 75,219 shares of the aerospace company’s stock worth $2,661,000 after buying an additional 18,656 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Embraer in the 3rd quarter valued at $10,611,000. Thrivent Financial for Lutherans acquired a new stake in shares of Embraer during the 3rd quarter valued at $981,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Embraer during the 4th quarter worth $384,000. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

Embraer stock opened at $42.79 on Thursday. The firm has a market cap of $7.86 billion, a P/E ratio of 15.73 and a beta of 1.71. The stock’s 50 day moving average is $39.80 and its 200 day moving average is $36.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a one year low of $18.40 and a one year high of $46.10.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Bank of America increased their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. TD Cowen raised shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

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.