OneDigital Investment Advisors LLC Takes Position in Embraer S.A. (NYSE:ERJ)

OneDigital Investment Advisors LLC bought a new position in shares of Embraer S.A. (NYSE:ERJ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,112 shares of the aerospace company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new stake in Embraer in the 2nd quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Embraer during the second quarter valued at about $44,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Embraer in the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares during the last quarter. Finally, Asset Dedication LLC purchased a new position in Embraer during the 2nd quarter valued at approximately $71,000. Institutional investors own 34.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ERJ. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. Bank of America increased their price objective on shares of Embraer from $40.00 to $55.00 and gave the company 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 boosted their target price for the stock from $29.00 to $32.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Price Performance

NYSE ERJ opened at $39.01 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. Embraer S.A. has a 52 week low of $16.15 and a 52 week high of $39.46. The company has a fifty day moving average of $35.36 and a two-hundred day moving average of $31.72.

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.