Embraer S.A. (NYSE:ERJ) Shares Purchased by Channing Global Advisors LLC

Channing Global Advisors LLC lifted its stake in Embraer S.A. (NYSE:ERJ) by 52.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,868 shares of the aerospace company’s stock after purchasing an additional 29,857 shares during the quarter. Embraer comprises about 2.6% of Channing Global Advisors LLC’s portfolio, making the stock its 16th largest holding. Channing Global Advisors LLC’s holdings in Embraer were worth $3,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Embraer during the 3rd quarter valued at approximately $10,611,000. Townsquare Capital LLC increased 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 valued at $920,000 after acquiring an additional 310 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Embraer by 72.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 31,000 shares of the aerospace company’s stock valued at $1,096,000 after acquiring an additional 13,000 shares during the period. Citigroup Inc. raised its stake in Embraer by 2.9% in the 3rd quarter. Citigroup Inc. now owns 117,605 shares of the aerospace company’s stock worth $4,160,000 after acquiring an additional 3,354 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Embraer during the 3rd quarter worth about $1,252,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Price Performance

NYSE:ERJ opened at $38.20 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 company has a 50 day moving average price of $35.59 and a 200-day moving average price of $32.03. Embraer S.A. has a 1-year low of $16.25 and a 1-year high of $40.34.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America increased their price objective on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. 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 note on Tuesday, November 19th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.