Embraer S.A. (NYSE:ERJ) Stake Lessened by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in shares of Embraer S.A. (NYSE:ERJ) by 14.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,551 shares of the aerospace company’s stock after selling 2,569 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Embraer were worth $538,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ERJ. Artemis Investment Management LLP bought a new stake in shares of Embraer in the 3rd quarter worth $30,358,000. Driehaus Capital Management LLC raised its position in Embraer by 102.5% in the second quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock worth $37,141,000 after acquiring an additional 728,592 shares in the last quarter. Jennison Associates LLC lifted its holdings in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after acquiring an additional 672,644 shares during the last quarter. Nicholas Investment Partners LP boosted its position in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after purchasing an additional 426,153 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in shares of Embraer by 54.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after purchasing an additional 393,696 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America raised their price objective on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Embraer Price Performance

ERJ opened at $36.58 on Friday. The firm has a market capitalization of $6.72 billion, a P/E ratio of 13.45 and a beta of 1.72. The stock has a fifty day moving average of $36.34 and a 200-day moving average of $32.89. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34.

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.