Bank of Hawaii Decreases Stock Holdings in Embraer S.A. (NYSE:ERJ)

Bank of Hawaii trimmed its position in shares of Embraer S.A. (NYSE:ERJ) by 11.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,553 shares of the aerospace company’s stock after selling 3,587 shares during the period. Bank of Hawaii’s holdings in Embraer were worth $939,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ERJ. Angeles Investment Advisors LLC increased its position in Embraer by 3.0% during the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after buying an additional 338 shares in the last quarter. LVW Advisors LLC increased its holdings in shares of Embraer by 3.4% during the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock valued at $365,000 after acquiring an additional 340 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Embraer by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after purchasing an additional 385 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Embraer by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after purchasing an additional 390 shares in the last quarter. Finally, Signaturefd LLC grew its position 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 purchasing an additional 414 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Performance

NYSE ERJ opened at $39.00 on Monday. The stock has a 50-day moving average of $35.36 and a 200 day moving average of $31.80. 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 S.A. has a twelve month low of $16.15 and a twelve month high of $39.46.

Wall Street Analyst Weigh In

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

Embraer Company 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.