Embraer S.A. (NYSE:ERJ) Shares Sold by North of South Capital LLP

North of South Capital LLP decreased its holdings in Embraer S.A. (NYSE:ERJ) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 875,161 shares of the aerospace company’s stock after selling 98,869 shares during the period. Embraer makes up approximately 3.9% of North of South Capital LLP’s investment portfolio, making the stock its 11th largest position. North of South Capital LLP’s holdings in Embraer were worth $32,101,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC acquired a new stake in Embraer in the 4th quarter valued at about $71,000. Signaturefd LLC raised its holdings in Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 414 shares during the last quarter. Truist Financial Corp raised its holdings in Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock valued at $231,000 after acquiring an additional 470 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Embraer in the 3rd quarter valued at about $242,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Embraer during the 3rd quarter worth approximately $252,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Up 0.8 %

Embraer stock opened at $43.10 on Friday. Embraer S.A. has a fifty-two week low of $18.02 and a fifty-two week high of $46.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The firm has a 50 day moving average price of $39.34 and a 200 day moving average price of $36.44. The company has a market capitalization of $7.92 billion, a PE ratio of 15.85 and a beta of 1.71.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Friday, February 14th. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

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.