Embraer S.A. (NYSE:ERJ) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its stake in Embraer S.A. (NYSE:ERJ) by 33.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,348 shares of the aerospace company’s stock after selling 19,017 shares during the period. Atria Investments Inc’s holdings in Embraer were worth $1,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in shares of Embraer in the second quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Embraer during the 2nd quarter valued at $44,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Embraer in the 2nd quarter worth $55,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 buying an additional 456 shares during the period. Finally, Asset Dedication LLC bought a new position in Embraer during the second quarter valued at about $71,000. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America reissued a “buy” rating and issued a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.86.

Embraer Stock Performance

Shares of NYSE:ERJ opened at $37.92 on Friday. The firm has a 50 day simple moving average of $35.05 and a 200 day simple moving average of $31.34. Embraer S.A. has a 52 week low of $16.01 and a 52 week 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.

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.