Natixis Advisors LLC Cuts Stock Holdings in Embraer S.A. (NYSE:ERJ)

Natixis Advisors LLC lowered its position in Embraer S.A. (NYSE:ERJ) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,309 shares of the aerospace company’s stock after selling 10,582 shares during the period. Natixis Advisors LLC’s holdings in Embraer were worth $2,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the 2nd quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Embraer during the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Embraer during the 2nd quarter worth $55,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 during the period. Finally, Asset Dedication LLC purchased a new position in shares of Embraer in the 2nd quarter valued at about $71,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ERJ shares. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and raised their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Embraer currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Price Performance

ERJ stock opened at $39.00 on Monday. The stock’s fifty day simple moving average is $35.36 and its 200-day simple moving average is $31.80. Embraer S.A. has a 52-week low of $16.15 and a 52-week high of $39.46. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 14.34 and a beta of 1.70. 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 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.