Ameriprise Financial Inc. Has $21.53 Million Stock Holdings in Embraer S.A. (NYSE:ERJ)

Ameriprise Financial Inc. raised its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 902.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 587,066 shares of the aerospace company's stock after buying an additional 528,508 shares during the quarter. Ameriprise Financial Inc. owned 0.32% of Embraer worth $21,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ERJ. Jones Financial Companies Lllp acquired a new position in shares of Embraer in the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in Embraer in the 4th quarter worth about $37,000. Lindbrook Capital LLC raised its stake in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after purchasing an additional 389 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Embraer during the 4th quarter valued at about $71,000. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Embraer by 71.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after buying an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Stock Performance

ERJ stock traded up $1.21 during mid-day trading on Monday, reaching $50.02. 767,780 shares of the stock traded hands, compared to its average volume of 1,540,448. The firm has a market capitalization of $9.19 billion, a PE ratio of 18.39 and a beta of 1.67. The business has a 50-day moving average of $46.60 and a two-hundred day moving average of $42.24. Embraer S.A. has a 52 week low of $25.24 and a 52 week high of $56.61. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.19. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.48) EPS. As a group, equities analysts predict that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Dividend Announcement

The business also recently disclosed a -- dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $0.049 dividend. The ex-dividend date of this dividend is Friday, May 16th. Embraer's payout ratio is 1.85%.

Wall Street Analyst Weigh In

ERJ has been the topic of several analyst reports. UBS Group restated a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer in a research note on Thursday, April 24th. The Goldman Sachs Group boosted their price target on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. StockNews.com lowered Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Wolfe Research restated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Embraer currently has an average rating of "Moderate Buy" and an average price target of $48.75.

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.