Natixis Advisors LLC Reduces Stock Position in Embraer S.A. (NYSE:ERJ)

Natixis Advisors LLC reduced its holdings in shares of Embraer S.A. (NYSE:ERJ) by 13.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 68,309 shares of the aerospace company’s stock after selling 10,582 shares during the period. Natixis Advisors LLC’s holdings in Embraer were worth $2,416,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ERJ. Sunbelt Securities Inc. acquired a new stake in Embraer in the second quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer during the second quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Embraer in the 2nd 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 period. Finally, Asset Dedication LLC bought a new stake in shares of Embraer in the 2nd quarter worth approximately $71,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Up 0.5 %

Shares of NYSE:ERJ opened at $39.00 on Monday. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $7.16 billion, a PE ratio of 14.34 and a beta of 1.70. Embraer S.A. has a 1 year low of $16.15 and a 1 year high of $39.46. The firm has a fifty day moving average price of $35.36 and a 200 day moving average price of $31.80.

Analysts Set New Price Targets

ERJ has been the topic of several analyst reports. Bank of America increased their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently 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.