Alberta Investment Management Corp Sells 31,409 Shares of Embraer S.A. (NYSE:ERJ)

Alberta Investment Management Corp lessened its holdings in shares of Embraer S.A. (NYSE:ERJ) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,643 shares of the aerospace company’s stock after selling 31,409 shares during the quarter. Alberta Investment Management Corp’s holdings in Embraer were worth $4,278,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC grew its position in shares of Embraer by 50.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company’s stock valued at $36,547,000 after purchasing an additional 334,206 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Embraer in the 4th quarter valued at about $71,000. Truist Financial Corp grew its position in Embraer by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 470 shares in the last quarter. Principal Financial Group Inc. increased its stake in Embraer by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company’s stock worth $6,514,000 after acquiring an additional 8,938 shares during the last quarter. Finally, Legato Capital Management LLC raised its position in Embraer by 15.4% during the fourth quarter. Legato Capital Management LLC now owns 65,903 shares of the aerospace company’s stock valued at $2,417,000 after purchasing an additional 8,807 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ERJ shares. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and boosted their target price for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Bank of America raised their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Embraer presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Embraer Trading Up 0.8 %

Shares of NYSE ERJ opened at $43.10 on Friday. Embraer S.A. has a twelve month low of $18.02 and a twelve month high of $46.10. The firm has a market cap of $7.92 billion, a PE ratio of 15.85 and a beta of 1.71. The business has a fifty day simple moving average of $39.34 and a two-hundred day simple moving average of $36.44. 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 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.