Venturi Wealth Management LLC Acquires Shares of 1,928 Embraer S.A. (NYSE:ERJ)

Venturi Wealth Management LLC acquired a new stake in shares of Embraer S.A. (NYSE:ERJ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,928 shares of the aerospace company’s stock, valued at approximately $71,000.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares in the last quarter. Truist Financial Corp boosted its position in shares of Embraer by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 470 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Embraer in the 3rd quarter worth approximately $242,000. OneDigital Investment Advisors LLC bought a new stake in shares of Embraer in the 3rd quarter worth approximately $252,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Embraer in the 3rd quarter worth approximately $253,000. 34.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ERJ. TD Cowen raised Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America upped their price objective on 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 Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Embraer Price Performance

Shares of ERJ opened at $41.55 on Tuesday. The firm has a market cap of $7.63 billion, a PE ratio of 15.28 and a beta of 1.71. 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 has a fifty day simple moving average of $39.54 and a two-hundred day simple moving average of $36.75. Embraer S.A. has a 1-year low of $18.16 and a 1-year high of $46.10.

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.