Embraer S.A. (NYSE:ERJ) Stock Position Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in Embraer S.A. (NYSE:ERJ) by 153.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,694 shares of the aerospace company’s stock after buying an additional 9,512 shares during the period. Advisors Asset Management Inc.’s holdings in Embraer were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ERJ. Artemis Investment Management LLP bought a new position in Embraer in the 3rd quarter valued at about $30,358,000. Driehaus Capital Management LLC lifted its holdings in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after acquiring an additional 728,592 shares during the last quarter. Jennison Associates LLC lifted its holdings in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after acquiring an additional 672,644 shares during the last quarter. Nicholas Investment Partners LP lifted its holdings in Embraer by 424.7% in the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after acquiring an additional 426,153 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in Embraer by 76.5% in the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after acquiring an additional 308,729 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

ERJ has been the subject of a number of analyst reports. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America upped their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Performance

Shares of ERJ opened at $38.20 on Thursday. Embraer S.A. has a fifty-two week low of $16.25 and a fifty-two week high of $40.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average is $35.53 and its 200-day moving average is $31.98.

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.