Townsquare Capital LLC Raises Stock Position in Embraer S.A. (NYSE:ERJ)

Townsquare Capital LLC grew its position in shares of Embraer S.A. (NYSE:ERJ) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,007 shares of the aerospace company’s stock after acquiring an additional 310 shares during the quarter. Townsquare Capital LLC’s holdings in Embraer were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ERJ. Sunbelt Securities Inc. bought a new position in Embraer in the second quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Embraer during the second quarter valued at approximately $44,000. Ashton Thomas Private Wealth LLC purchased a new stake in Embraer during the second quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. raised its position 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 worth $59,000 after acquiring an additional 456 shares during the period. Finally, Asset Dedication LLC purchased a new position in shares of Embraer during the 2nd quarter worth $71,000. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Trading Down 0.7 %

Shares of ERJ opened at $37.97 on Tuesday. The firm has a market cap of $6.97 billion, a P/E ratio of 13.96 and a beta of 1.70. 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 $16.88 and a 1 year high of $40.34. The company has a 50 day simple moving average of $35.73 and a two-hundred day simple moving average of $32.19.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ERJ. Bank of America raised their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group cut Embraer from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.