Bridgefront Capital LLC Makes New Investment in Embraer S.A. (NYSE:ERJ)

Bridgefront Capital LLC purchased a new stake in Embraer S.A. (NYSE:ERJ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,870 shares of the aerospace company's stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ERJ. Jones Financial Companies Lllp acquired a new stake in Embraer in the fourth quarter valued at approximately $28,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Embraer during the 4th quarter valued at approximately $37,000. Lindbrook Capital LLC lifted its position in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Embraer during the 4th quarter worth about $71,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in 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 worth $71,000 after purchasing an additional 809 shares during the period. 34.65% of the stock is currently owned by institutional investors.

Embraer Price Performance

ERJ traded down $1.27 during midday trading on Friday, hitting $48.22. The stock had a trading volume of 1,724,776 shares, compared to its average volume of 1,581,573. 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 1 year low of $25.24 and a 1 year high of $56.61. The business has a fifty day moving average of $46.84 and a 200 day moving average of $41.68. The company has a market cap of $8.86 billion, a P/E ratio of 17.73 and a beta of 1.67.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.19. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted ($0.48) earnings per share. The company's revenue was up 23.0% on a year-over-year basis. As a group, equities analysts forecast that Embraer S.A. will post 2.04 earnings per share 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 dividend of $0.049 per share. The ex-dividend date of this dividend is Friday, May 16th. Embraer's dividend payout ratio (DPR) is presently 1.85%.

Wall Street Analysts Forecast Growth

ERJ has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. StockNews.com downgraded Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group reiterated a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. Finally, Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.25.

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.