IPG Investment Advisors LLC reduced its position in shares of Embraer S.A. (NYSE:ERJ – Free Report) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,011,237 shares of the aerospace company’s stock after selling 1,024,473 shares during the period. Embraer accounts for approximately 7.5% of IPG Investment Advisors LLC’s holdings, making the stock its 2nd biggest position. IPG Investment Advisors LLC’s holdings in Embraer were worth $32,924,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Brandes Investment Partners LP boosted its holdings in shares of Embraer by 17.6% during the 1st quarter. Brandes Investment Partners LP now owns 18,484,175 shares of the aerospace company’s stock worth $302,586,000 after buying an additional 2,764,894 shares during the period. FMR LLC boosted its holdings in shares of Embraer by 1.9% during the 1st quarter. FMR LLC now owns 3,935,642 shares of the aerospace company’s stock worth $64,426,000 after buying an additional 72,348 shares during the period. Becker Capital Management Inc. boosted its holdings in shares of Embraer by 0.7% during the 4th quarter. Becker Capital Management Inc. now owns 3,392,616 shares of the aerospace company’s stock worth $37,081,000 after buying an additional 23,401 shares during the period. American Century Companies Inc. boosted its holdings in shares of Embraer by 36.2% during the 1st quarter. American Century Companies Inc. now owns 3,238,946 shares of the aerospace company’s stock worth $53,022,000 after buying an additional 860,318 shares during the period. Finally, SPX Gestao de Recursos Ltda boosted its holdings in shares of Embraer by 39.5% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,138,792 shares of the aerospace company’s stock worth $34,307,000 after buying an additional 888,976 shares during the period. 34.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
ERJ has been the subject of several research analyst reports. StockNews.com upgraded shares of Embraer from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Citigroup upped their target price on shares of Embraer from $15.75 to $16.50 in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.17.
Embraer Price Performance
Shares of ERJ stock traded up $0.22 during mid-day trading on Wednesday, reaching $15.87. The company’s stock had a trading volume of 1,265,497 shares, compared to its average volume of 1,534,311. Embraer S.A. has a 1-year low of $8.52 and a 1-year high of $17.14. The company has a market cap of $2.91 billion, a P/E ratio of -30.06, a PEG ratio of 0.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.52. The firm’s 50-day moving average is $15.00 and its two-hundred day moving average is $14.90.
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.
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