Artemis Investment Management LLP Lowers Stock Holdings in Embraer S.A. (NYSE:ERJ)

Artemis Investment Management LLP lessened its stake in shares of Embraer S.A. (NYSE:ERJ) by 17.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 705,638 shares of the aerospace company’s stock after selling 152,648 shares during the quarter. Artemis Investment Management LLP’s holdings in Embraer were worth $25,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Embraer during the 2nd quarter worth $41,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 456 shares during the period. Signaturefd LLC raised its holdings 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 purchasing an additional 414 shares in the last quarter. Brendel Financial Advisors LLC acquired a new stake in Embraer in the third quarter valued at about $202,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Embraer in the 3rd quarter valued at approximately $242,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Trading Down 0.9 %

Shares of ERJ stock opened at $39.37 on Friday. The stock has a market cap of $7.23 billion, a P/E ratio of 14.47 and a beta of 1.71. 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 fifty-two week low of $16.89 and a fifty-two week high of $40.34. The business has a fifty day simple moving average of $37.58 and a 200-day simple moving average of $34.33.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ERJ shares. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group lowered shares of 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 report on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

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.