300,000 Shares in Embraer S.A. (NYSE:ERJ) Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Embraer S.A. (NYSE:ERJ) during the third quarter, according to its most recent filing with the SEC. The firm bought 300,000 shares of the aerospace company’s stock, valued at approximately $10,611,000.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Embraer in the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Embraer in the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Embraer in the 2nd quarter worth $55,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares in the last quarter. Finally, Asset Dedication LLC bought a new position in shares of Embraer in the 2nd quarter worth $71,000. 34.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Embraer currently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Embraer Trading Down 4.5 %

Shares of Embraer stock opened at $38.20 on Friday. Embraer S.A. has a 1 year low of $16.25 and a 1 year high of $40.34. The firm has a market cap of $7.02 billion, a PE ratio of 14.04 and a beta of 1.70. The stock has a fifty day moving average price of $35.59 and a 200-day moving average price of $32.03. 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.