Oppenheimer & Co. Inc. Makes New $253,000 Investment in Embraer S.A. (NYSE:ERJ)

Oppenheimer & Co. Inc. acquired a new stake in Embraer S.A. (NYSE:ERJ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,140 shares of the aerospace company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of Embraer by 6.4% during the 2nd quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after acquiring an additional 137,695 shares during the period. Renaissance Technologies LLC increased its position in Embraer by 13.6% during the second quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after purchasing an additional 197,600 shares during the last quarter. Driehaus Capital Management LLC increased its position in Embraer by 102.5% during the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after purchasing an additional 728,592 shares during the last quarter. Artemis Investment Management LLP purchased a new position in Embraer during the third quarter worth approximately $30,358,000. Finally, Marshall Wace LLP boosted its holdings in shares of Embraer by 76.5% in the 2nd quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock valued at $18,372,000 after purchasing an additional 308,729 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Up 0.5 %

Shares of ERJ stock opened at $39.01 on Friday. The firm has a fifty day moving average of $35.36 and a two-hundred day moving average of $31.72. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a 1-year low of $16.15 and a 1-year high of $39.46.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted their price target for the company from $29.00 to $32.00 in a research report on Tuesday. Finally, Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

About Embraer

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.