Bruce G. Allen Investments LLC Has $62,000 Holdings in Embraer S.A. (NYSE:ERJ)

Bruce G. Allen Investments LLC decreased its holdings in shares of Embraer S.A. (NYSE:ERJ) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,681 shares of the aerospace company’s stock after selling 400 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Embraer were worth $62,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ERJ. Sunbelt Securities Inc. acquired a new stake in Embraer during the 2nd quarter worth $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer during the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. increased its holdings in Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the last quarter. Signaturefd LLC grew its position in shares of Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after buying an additional 414 shares during the period. Finally, Brendel Financial Advisors LLC bought a new stake in shares of Embraer in the 3rd quarter valued at about $202,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Performance

ERJ stock traded down $0.10 during trading hours on Friday, reaching $37.54. The stock had a trading volume of 423,614 shares, compared to its average volume of 674,701. The stock has a 50-day simple moving average of $37.16 and a 200 day simple moving average of $33.80. Embraer S.A. has a fifty-two week low of $16.89 and a fifty-two week high of $40.34. The stock has a market capitalization of $6.89 billion, a PE ratio of 13.80 and a beta of 1.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

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.