Navellier & Associates Inc. Grows Stock Holdings in Embraer S.A. (NYSE:ERJ)

Navellier & Associates Inc. boosted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,410 shares of the aerospace company’s stock after purchasing an additional 3,000 shares during the quarter. Navellier & Associates Inc.’s holdings in Embraer were worth $1,409,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC purchased a new stake in Embraer during the fourth quarter valued at $71,000. Signaturefd LLC raised its stake in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares in the last quarter. Truist Financial Corp raised its stake in Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 470 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Embraer during the third quarter valued at $242,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in Embraer during the third quarter valued at $252,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ERJ. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America increased their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and increased their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Embraer has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Embraer Trading Down 4.2 %

ERJ stock opened at $41.26 on Friday. The company has a market capitalization of $7.58 billion, a PE ratio of 15.17 and a beta of 1.71. Embraer S.A. has a 12 month low of $18.15 and a 12 month high of $46.10. The firm’s 50-day moving average is $39.44 and its 200 day moving average is $36.60. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

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.