Chesapeake Capital Corp IL Purchases 4,562 Shares of Embraer S.A. (NYSE:ERJ)

Chesapeake Capital Corp IL increased its position in Embraer S.A. (NYSE:ERJ) by 27.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,910 shares of the aerospace company’s stock after buying an additional 4,562 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Embraer were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in Embraer in the 3rd quarter worth approximately $252,000. Oppenheimer & Co. Inc. purchased a new position in Embraer in the 3rd quarter worth approximately $253,000. Angeles Investment Advisors LLC increased its stake in Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock worth $416,000 after purchasing an additional 338 shares during the period. Future Fund LLC increased its stake in Embraer by 36.5% in the 3rd quarter. Future Fund LLC now owns 35,056 shares of the aerospace company’s stock worth $1,164,000 after purchasing an additional 9,365 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Embraer in the 3rd quarter worth approximately $1,072,000. Institutional investors own 34.65% of the company’s stock.

Embraer Price Performance

ERJ opened at $37.92 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.66. Embraer S.A. has a 52-week low of $16.01 and a 52-week high of $39.46. The stock’s 50 day moving average price is $35.05 and its 200-day moving average price is $31.34.

Analysts Set New Price Targets

A number of brokerages have commented on ERJ. Bank of America reaffirmed a “buy” rating and issued a $40.00 price target on shares of Embraer in a research note on Tuesday, September 17th. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Embraer has a consensus rating of “Moderate Buy” and an average target price of $34.86.

About Embraer

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.