Ulysses Management LLC Takes $2.02 Million Position in Embraer S.A. (NYSE:ERJ)

Ulysses Management LLC acquired a new position in Embraer S.A. (NYSE:ERJ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 55,000 shares of the aerospace company's stock, valued at approximately $2,017,000. Embraer accounts for 0.3% of Ulysses Management LLC's holdings, making the stock its 27th largest position.

Other large investors have also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after acquiring an additional 1,228,468 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer in the 4th quarter worth approximately $42,313,000. Carrhae Capital LLP boosted its position in shares of Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after purchasing an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Embraer in the 4th quarter worth approximately $25,024,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Price Performance

ERJ traded up $0.08 on Friday, hitting $47.49. 730,078 shares of the company's stock traded hands, compared to its average volume of 1,531,706. The company's 50 day simple moving average is $46.15 and its 200-day simple moving average is $42.67. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer S.A. has a one year low of $25.24 and a one year high of $56.61. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 17.46 and a beta of 1.67.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the firm posted ($0.48) EPS. The company's revenue was up 23.0% on a year-over-year basis. As a group, research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued 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 currently 1.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. The Goldman Sachs Group upped their price objective on Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Wall Street Zen cut Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, UBS Group reissued a "sell" rating and set a $39.00 price target (up from $35.00) on shares of Embraer in a report on Thursday, April 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company 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.