Alberta Investment Management Corp Sells 31,409 Shares of Embraer S.A. (NYSE:ERJ)

Alberta Investment Management Corp lowered its position in Embraer S.A. (NYSE:ERJ) by 21.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,643 shares of the aerospace company’s stock after selling 31,409 shares during the period. Alberta Investment Management Corp owned 0.06% of Embraer worth $4,278,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ERJ. Ballentine Partners LLC lifted its position in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after buying an additional 296 shares during the period. Townsquare Capital LLC raised its position in shares of Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock worth $920,000 after purchasing an additional 310 shares during the last quarter. Angeles Investment Advisors LLC boosted its stake in Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after purchasing an additional 338 shares in the last quarter. LVW Advisors LLC grew its position in Embraer by 3.3% during the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares in the last quarter. 34.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several analyst reports. TD Cowen upgraded shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com raised Embraer from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. UBS Group lowered 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 research report on Tuesday, November 19th. Finally, Bank of America boosted their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Embraer has an average rating of “Moderate Buy” and an average target price of $40.50.

Embraer Stock Performance

Shares of ERJ opened at $43.10 on Friday. The business has a 50-day simple moving average of $39.34 and a two-hundred day simple moving average of $36.44. 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 $18.02 and a 52 week high of $46.10. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 15.85 and a beta of 1.71.

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.