Diversify Wealth Management LLC Has $1.47 Million Stake in Embraer S.A. (NYSE:ERJ)

Diversify Wealth Management LLC boosted its stake in shares of Embraer S.A. (NYSE:ERJ) by 19.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,889 shares of the aerospace company’s stock after buying an additional 6,225 shares during the quarter. Diversify Wealth Management LLC’s holdings in Embraer were worth $1,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Embraer in the second quarter worth approximately $349,000. State of New Jersey Common Pension Fund D bought a new position in Embraer during the 2nd quarter worth approximately $1,517,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Embraer by 19.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,873 shares of the aerospace company’s stock worth $616,000 after purchasing an additional 3,815 shares during the period. Sei Investments Co. boosted its stake in shares of Embraer by 30.4% in the 2nd quarter. Sei Investments Co. now owns 62,031 shares of the aerospace company’s stock valued at $1,601,000 after purchasing an additional 14,458 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Embraer by 76.5% during the second quarter. Marshall Wace LLP now owns 712,112 shares of the aerospace company’s stock worth $18,372,000 after buying an additional 308,729 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ERJ. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a report on Wednesday, December 25th. Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. Finally, UBS Group cut Embraer from a “neutral” rating to a “sell” rating and increased their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Price Performance

Shares of NYSE:ERJ opened at $39.37 on Tuesday. Embraer S.A. has a twelve month low of $16.89 and a twelve month high of $40.34. The stock’s 50 day moving average is $37.59 and its 200-day moving average is $34.47. 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 firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 14.47 and a beta of 1.71.

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.