Sanctuary Advisors LLC Reduces Position in Embraer S.A. (NYSE:ERJ)

Sanctuary Advisors LLC trimmed its position in Embraer S.A. (NYSE:ERJ) by 48.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,236 shares of the aerospace company’s stock after selling 37,144 shares during the quarter. Sanctuary Advisors LLC’s holdings in Embraer were worth $1,569,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Embraer in the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Embraer in the 2nd quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 456 shares in the last quarter. Asset Dedication LLC purchased a new stake in Embraer during the second quarter worth approximately $71,000. Finally, Signaturefd LLC boosted its holdings in Embraer by 7.9% in the third 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 owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ERJ has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and boosted their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. Finally, TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Embraer Price Performance

Shares of ERJ opened at $36.58 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a fifty-two week low of $16.88 and a fifty-two week high of $40.34. The firm has a 50-day simple moving average of $36.34 and a 200-day simple moving average of $32.89. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.45 and a beta of 1.72.

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.