Dynamic Technology Lab Private Ltd Has $786,000 Stake in Embraer S.A. (NYSE:ERJ)

Dynamic Technology Lab Private Ltd lowered its position in Embraer S.A. (NYSE:ERJ) by 41.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,235 shares of the aerospace company’s stock after selling 16,005 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Embraer were worth $786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Embraer by 33.2% during the 1st quarter. Advisors Asset Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $149,000 after purchasing an additional 1,394 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Embraer by 43.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 37,564 shares of the aerospace company’s stock valued at $1,001,000 after buying an additional 11,318 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Embraer in the first quarter worth about $1,671,000. Cetera Advisors LLC bought a new stake in shares of Embraer during the 1st quarter worth about $781,000. Finally, Boston Partners acquired a new position in shares of Embraer during the 1st quarter valued at about $997,000. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Down 4.5 %

Shares of ERJ stock opened at $38.20 on Thursday. Embraer S.A. has a 1 year low of $16.25 and a 1 year high of $40.34. The firm’s fifty day simple moving average is $35.53 and its 200 day simple moving average is $31.98. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America boosted their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $41.00 in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average target price of $37.43.

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.