Angeles Investment Advisors LLC Purchases 338 Shares of Embraer S.A. (NYSE:ERJ)

Angeles Investment Advisors LLC raised its position in Embraer S.A. (NYSE:ERJ) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,753 shares of the aerospace company’s stock after acquiring an additional 338 shares during the period. Angeles Investment Advisors LLC’s holdings in Embraer were worth $416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of Embraer in the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Embraer in the second quarter worth about $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in Embraer in the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Embraer by 25.0% during 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 last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Embraer during the second quarter valued at about $71,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Price Performance

ERJ traded up $1.61 during trading on Wednesday, hitting $39.17. The company’s stock had a trading volume of 210,777 shares, compared to its average volume of 1,614,025. The company has a quick ratio of 0.66, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $34.83 and its 200 day simple moving average is $31.11. Embraer S.A. has a twelve month low of $15.79 and a twelve month high of $39.45.

Analyst Ratings Changes

ERJ has been the topic of several research analyst reports. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Bank of America restated a “buy” rating and issued a $40.00 target price on shares of Embraer in a research note on Tuesday, September 17th. Finally, TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.86.

About Embraer

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.