Channing Global Advisors LLC Has $2.80 Million Stock Holdings in Embraer S.A. (NYSE:ERJ)

Channing Global Advisors LLC lessened its holdings in Embraer S.A. (NYSE:ERJ) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,319 shares of the aerospace company’s stock after selling 10,549 shares during the quarter. Embraer comprises approximately 1.9% of Channing Global Advisors LLC’s portfolio, making the stock its 17th largest holding. Channing Global Advisors LLC’s holdings in Embraer were worth $2,799,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its stake in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock worth $279,000 after buying an additional 296 shares during the last quarter. Townsquare Capital LLC grew its stake in Embraer by 1.2% during the third quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after buying an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after buying an additional 338 shares during the last quarter. LVW Advisors LLC grew its stake in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Embraer by 7.9% during the third 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. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

ERJ has been the topic of several research analyst reports. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, 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 research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Embraer Price Performance

Shares of ERJ stock opened at $41.72 on Wednesday. Embraer S.A. has a 52-week low of $17.46 and a 52-week high of $46.10. The stock has a market cap of $7.66 billion, a PE ratio of 15.34 and a beta of 1.71. 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 firm’s 50 day moving average price is $38.64 and its two-hundred day moving average price is $35.90.

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.