Waterfront Wealth Inc. Sells 54,039 Shares of Embraer S.A. (NYSE:ERJ)

Waterfront Wealth Inc. trimmed its stake in Embraer S.A. (NYSE:ERJ) by 49.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,593 shares of the aerospace company’s stock after selling 54,039 shares during the period. Waterfront Wealth Inc.’s holdings in Embraer were worth $2,039,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ERJ. Creative Planning bought a new position in shares of Embraer in the 3rd quarter worth $329,000. Signaturefd LLC grew its stake in Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after buying an additional 414 shares during the last quarter. Ballentine Partners LLC purchased a new position in Embraer during the 3rd quarter worth $259,000. Wealth Enhancement Advisory Services LLC grew its stake in Embraer by 82.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,390 shares of the aerospace company’s stock worth $615,000 after buying an additional 7,852 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its stake in Embraer by 5.2% during the 3rd quarter. Diversify Wealth Management LLC now owns 32,664 shares of the aerospace company’s stock worth $1,136,000 after buying an additional 1,614 shares during the last quarter. 34.65% of the stock is owned by institutional investors.

Embraer Stock Up 0.8 %

Embraer stock opened at $43.10 on Friday. 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 business’s 50-day simple moving average is $39.34 and its two-hundred day simple moving average is $36.44. The company has a market cap of $7.92 billion, a PE ratio of 15.85 and a beta of 1.71. Embraer S.A. has a fifty-two week low of $18.02 and a fifty-two week high of $46.10.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. 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 note on Thursday, November 21st. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.