Citigroup Inc. Boosts Stock Holdings in Embraer S.A. (NYSE:ERJ)

Citigroup Inc. boosted its position in Embraer S.A. (NYSE:ERJ) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 117,605 shares of the aerospace company’s stock after purchasing an additional 3,354 shares during the period. Citigroup Inc.’s holdings in Embraer were worth $4,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Embraer in the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in Embraer in the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. lifted 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 worth $59,000 after buying an additional 456 shares during the period. Asset Dedication LLC purchased a new position in shares of Embraer during the second quarter valued at approximately $71,000. Finally, Signaturefd LLC lifted its holdings in shares of Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Trading Down 2.6 %

Shares of Embraer stock opened at $37.03 on Wednesday. The company has a fifty day simple moving average of $35.77 and a 200-day simple moving average of $32.24. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Wall Street Analyst Weigh In

ERJ has been the topic of several analyst reports. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and lifted their price target for the stock 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 report on Thursday, November 21st. Finally, UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.43.

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.