35,410 Shares in Embraer S.A. (NYSE:ERJ) Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. bought a new stake in shares of Embraer S.A. (NYSE:ERJ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,410 shares of the aerospace company’s stock, valued at approximately $1,252,000.

A number of other large investors also recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in Embraer during the second quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Embraer during the second quarter worth $44,000. Ashton Thomas Private Wealth LLC purchased a new position in Embraer in the second quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. grew its stake 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 in the last quarter. Finally, Asset Dedication LLC acquired a new position in Embraer in the 2nd quarter worth about $71,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Up 3.7 %

Shares of NYSE:ERJ opened at $38.88 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $31.64. Embraer S.A. has a 52-week low of $16.15 and a 52-week high of $39.46.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and boosted their price target for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America boosted their target price on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and raised their price target for the company from $29.00 to $32.00 in a report on Tuesday. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.