Embraer S.A. (NYSE:ERJ) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its holdings in Embraer S.A. (NYSE:ERJ) by 41.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,235 shares of the aerospace company’s stock after selling 16,005 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Embraer were worth $786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ERJ. Sunbelt Securities Inc. bought a new position in shares of Embraer in the second quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Embraer in the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer during the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the last quarter. Finally, Asset Dedication LLC acquired a new position in shares of Embraer in the 2nd quarter valued at $71,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Trading Down 4.5 %

Embraer stock opened at $38.20 on Thursday. Embraer S.A. has a twelve month low of $16.25 and a twelve month high of $40.34. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $31.98.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. Bank of America upped their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and lifted 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 given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

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.