State of New Jersey Common Pension Fund D Acquires 15,926 Shares of Embraer S.A. (NYSE:ERJ)

State of New Jersey Common Pension Fund D increased its holdings in shares of Embraer S.A. (NYSE:ERJ) by 27.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,721 shares of the aerospace company’s stock after acquiring an additional 15,926 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Embraer were worth $2,643,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in shares of Embraer during the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Embraer during the second quarter worth about $44,000. Ashton Thomas Private Wealth LLC bought a new stake in Embraer in the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in shares of Embraer during the 2nd quarter valued at approximately $71,000. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Performance

NYSE:ERJ opened at $39.17 on Thursday. Embraer S.A. has a 1 year low of $15.79 and a 1 year high of $39.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.66 and a current ratio of 1.56. The stock’s fifty day moving average price is $34.92 and its two-hundred day moving average price is $31.17.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ERJ shares. Bank of America reaffirmed a “buy” rating and issued a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and upped their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Embraer currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.86.

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.