Embraer S.A. (NYSE:ERJ) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its stake in Embraer S.A. (NYSE:ERJ) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,690 shares of the aerospace company’s stock after selling 400 shares during the period. Harbour Capital Advisors LLC’s holdings in Embraer were worth $1,324,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its stake in shares of Embraer by 164.4% in the 3rd quarter. Virtu Financial LLC now owns 37,082 shares of the aerospace company’s stock valued at $1,312,000 after purchasing an additional 23,056 shares in the last quarter. Dorsey Wright & Associates raised its stake in Embraer by 13.5% during the third quarter. Dorsey Wright & Associates now owns 146,873 shares of the aerospace company’s stock valued at $5,195,000 after buying an additional 17,484 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in Embraer by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 44,174 shares of the aerospace company’s stock valued at $1,562,000 after buying an additional 1,241 shares in the last quarter. XTX Topco Ltd bought a new position in Embraer during the 3rd quarter worth approximately $1,203,000. Finally, State Street Corp grew its position in shares of Embraer by 1.3% in the 3rd quarter. State Street Corp now owns 368,662 shares of the aerospace company’s stock worth $13,040,000 after acquiring an additional 4,666 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ERJ. TD Cowen upgraded Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. 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 research report on Tuesday, November 19th. StockNews.com raised shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Finally, Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Embraer presently has an average rating of “Moderate Buy” and an average target price of $37.43.

Embraer Stock Performance

Shares of ERJ stock traded down $0.55 during trading hours on Monday, reaching $37.11. The stock had a trading volume of 334,653 shares, compared to its average volume of 666,413. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm has a 50-day simple moving average of $37.25 and a 200-day simple moving average of $33.96. The firm has a market capitalization of $6.82 billion, a PE ratio of 13.64 and a beta of 1.71. Embraer S.A. has a twelve month low of $16.89 and a twelve month high of $40.34.

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.