Oppenheimer Asset Management Inc. Trims Position in Embraer S.A. (NYSE:ERJ)

Oppenheimer Asset Management Inc. trimmed its position in Embraer S.A. (NYSE:ERJ) by 6.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 16,240 shares of the aerospace company’s stock after selling 1,089 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Embraer were worth $574,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ERJ. Brendel Financial Advisors LLC purchased a new position in shares of Embraer in the third quarter worth approximately $202,000. SteelPeak Wealth LLC bought a new stake in shares of Embraer during the 2nd quarter valued at $443,000. SG Americas Securities LLC purchased a new stake in shares of Embraer in the 2nd quarter worth $2,458,000. Atria Investments Inc bought a new position in Embraer in the 1st quarter worth $1,671,000. Finally, Blue Trust Inc. raised its holdings in Embraer by 35.7% in the 2nd quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock worth $313,000 after purchasing an additional 3,091 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Down 2.9 %

Shares of ERJ opened at $37.69 on Wednesday. Embraer S.A. has a 1 year low of $16.09 and a 1 year high of $39.46. The company has a 50 day simple moving average of $35.21 and a two-hundred day simple moving average of $31.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a market cap of $6.92 billion, a P/E ratio of 13.85 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ERJ. Bank of America reissued a “buy” rating and set a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $41.00 in a report on Wednesday, September 4th. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.29.

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.