55,000 Shares in Embraer S.A. (NYSE:ERJ) Acquired by Ulysses Management LLC

Ulysses Management LLC purchased a new position in shares of Embraer S.A. (NYSE:ERJ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,000 shares of the aerospace company's stock, valued at approximately $2,017,000. Embraer accounts for approximately 0.3% of Ulysses Management LLC's investment portfolio, making the stock its 27th biggest holding.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in Embraer in the fourth quarter valued at approximately $28,000. SPX Gestao de Recursos Ltda acquired a new stake in Embraer in the fourth quarter valued at approximately $37,000. Colonial Trust Co SC acquired a new stake in Embraer in the fourth quarter valued at approximately $42,000. Lindbrook Capital LLC raised its position in shares of Embraer by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 389 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of Embraer in the fourth quarter valued at approximately $71,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Performance

Shares of NYSE:ERJ opened at $50.02 on Tuesday. 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 stock has a market capitalization of $9.19 billion, a P/E ratio of 18.39 and a beta of 1.67. The business has a 50-day moving average price of $46.58 and a two-hundred day moving average price of $42.36. Embraer S.A. has a 1-year low of $25.24 and a 1-year high of $56.61.

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

Embraer Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $0.049 per share. The ex-dividend date is Friday, May 16th. Embraer's payout ratio is 1.85%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. UBS Group reissued a "sell" rating and issued a $39.00 price target (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Embraer presently has an average rating of "Moderate Buy" and a consensus target price of $48.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.