State of New Jersey Common Pension Fund D Buys 42,090 Shares of Embraer S.A. (NYSE:ERJ)

State of New Jersey Common Pension Fund D raised its stake in shares of Embraer S.A. (NYSE:ERJGet Rating) by 33.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,583 shares of the aerospace company’s stock after purchasing an additional 42,090 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Embraer were worth $2,101,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ERJ. Congress Park Capital LLC grew its holdings in Embraer by 14.9% during the 1st quarter. Congress Park Capital LLC now owns 105,790 shares of the aerospace company’s stock worth $1,334,000 after acquiring an additional 13,730 shares during the period. National Asset Management Inc. grew its holdings in Embraer by 48.6% during the 1st quarter. National Asset Management Inc. now owns 28,173 shares of the aerospace company’s stock worth $357,000 after acquiring an additional 9,213 shares during the period. Personal CFO Solutions LLC grew its stake in shares of Embraer by 4.7% in the 1st quarter. Personal CFO Solutions LLC now owns 22,376 shares of the aerospace company’s stock valued at $282,000 after buying an additional 995 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Embraer in the 1st quarter valued at about $7,850,000. Finally, Shilanski & Associates Inc. grew its stake in shares of Embraer by 5.4% in the 1st quarter. Shilanski & Associates Inc. now owns 19,320 shares of the aerospace company’s stock valued at $244,000 after buying an additional 984 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on the company. TheStreet downgraded Embraer from a “c” rating to a “d+” rating in a research note on Wednesday, June 8th. Citigroup reduced their target price on Embraer from $14.50 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

Embraer Price Performance

ERJ stock opened at $10.18 on Friday. The company has a market capitalization of $1.87 billion, a P/E ratio of 145.45, a price-to-earnings-growth ratio of 27.09 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.20 and a current ratio of 2.01. Embraer S.A. has a 52-week low of $7.91 and a 52-week high of $19.40. The business has a 50-day simple moving average of $9.26 and a two-hundred day simple moving average of $11.48.

About Embraer

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Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Commercial Aviation; Defense and Security; Executive Jets; Service & Support; and Other segments. The Commercial Aviation segment designs, develops, and manufactures a variety of commercial aircrafts.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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