Bruce G. Allen Investments LLC Has $62,000 Holdings in Embraer S.A. (NYSE:ERJ)

Bruce G. Allen Investments LLC decreased its stake in shares of Embraer S.A. (NYSE:ERJ) by 19.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,681 shares of the aerospace company’s stock after selling 400 shares during the period. Bruce G. Allen Investments LLC’s holdings in Embraer were worth $62,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new position in Embraer in the 2nd quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Embraer during the 2nd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the period. Signaturefd LLC grew its holdings in Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after buying an additional 414 shares during the last quarter. Finally, Brendel Financial Advisors LLC acquired a new position in shares of Embraer during the third quarter worth approximately $202,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ERJ has been the subject of a number of research reports. Bank of America increased their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen raised Embraer to a “strong-buy” rating in a report on Thursday, December 19th. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Embraer has an average rating of “Moderate Buy” and an average target price of $37.43.

Embraer Price Performance

Embraer stock traded down $0.10 during mid-day trading on Friday, hitting $37.54. 423,614 shares of the company were exchanged, compared to its average volume of 674,701. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $6.89 billion, a PE ratio of 13.80 and a beta of 1.71. Embraer S.A. has a 1-year low of $16.89 and a 1-year high of $40.34. The business has a fifty day moving average of $37.16 and a 200 day moving average of $33.80.

About Embraer

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.