State of New Jersey Common Pension Fund D Buys 15,926 Shares of Embraer S.A. (NYSE:ERJ)

State of New Jersey Common Pension Fund D increased its stake in Embraer S.A. (NYSE:ERJ) by 27.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,721 shares of the aerospace company’s stock after acquiring an additional 15,926 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Embraer were worth $2,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. lifted its position in shares of Embraer by 308.5% in the 1st quarter. Sei Investments Co. now owns 47,573 shares of the aerospace company’s stock worth $1,268,000 after purchasing an additional 35,928 shares during the period. Russell Investments Group Ltd. boosted its position in Embraer by 59,594.3% during the first quarter. Russell Investments Group Ltd. now owns 51,934 shares of the aerospace company’s stock valued at $1,384,000 after acquiring an additional 51,847 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Embraer by 2.6% during the first quarter. Orion Portfolio Solutions LLC now owns 44,535 shares of the aerospace company’s stock valued at $1,186,000 after acquiring an additional 1,139 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Embraer in the 1st quarter worth about $216,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Embraer by 54.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 46,531 shares of the aerospace company’s stock valued at $1,240,000 after purchasing an additional 16,469 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.86.

Embraer Price Performance

Embraer stock opened at $39.17 on Thursday. The firm’s fifty day moving average price is $34.92 and its two-hundred day moving average price is $31.17. Embraer S.A. has a 1-year low of $15.79 and a 1-year high of $39.46. The company has a quick ratio of 0.66, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

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.