New York State Common Retirement Fund Has $7.35 Million Position in Embraer S.A. (NYSE:ERJ)

New York State Common Retirement Fund trimmed its holdings in Embraer S.A. (NYSE:ERJ) by 65.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,396 shares of the aerospace company’s stock after selling 387,514 shares during the quarter. New York State Common Retirement Fund’s holdings in Embraer were worth $7,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in Embraer in the fourth quarter worth approximately $71,000. Truist Financial Corp boosted its holdings in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after buying an additional 470 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Embraer during the 3rd quarter worth approximately $242,000. OneDigital Investment Advisors LLC bought a new stake in shares of Embraer in the 3rd quarter valued at $252,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Embraer during the 3rd quarter valued at $253,000. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Up 1.5 %

NYSE ERJ opened at $42.79 on Thursday. 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 firm has a market capitalization of $7.86 billion, a P/E ratio of 15.73 and a beta of 1.71. The business has a fifty day simple moving average of $39.80 and a 200 day simple moving average of $36.87. Embraer S.A. has a 12 month low of $18.40 and a 12 month high of $46.10.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group downgraded 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 note on Tuesday, November 19th. TD Cowen raised Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.50.

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.