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BNP Paribas Financial Markets Has $598,000 Holdings in Embraer S.A. (NYSE:ERJ)

Embraer logo with Aerospace background

BNP Paribas Financial Markets lessened its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 90.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,316 shares of the aerospace company's stock after selling 160,467 shares during the quarter. BNP Paribas Financial Markets' holdings in Embraer were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Embraer in the 4th quarter worth $28,000. SPX Gestao de Recursos Ltda bought a new stake in Embraer during the fourth quarter valued at $37,000. Lindbrook Capital LLC raised its holdings 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 purchasing an additional 389 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Embraer in the 4th quarter worth about $71,000. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings 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 during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer Stock Up 0.0%

Shares of ERJ traded up $0.02 during midday trading on Thursday, reaching $46.90. 168,800 shares of the stock were exchanged, compared to its average volume of 1,523,161. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 17.24 and a beta of 1.67. Embraer S.A. has a 12-month low of $25.24 and a 12-month high of $56.61. The firm has a 50 day simple moving average of $45.77 and a 200-day simple moving average of $42.86.

Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted ($0.48) EPS. The business's quarterly revenue was up 23.0% on a year-over-year basis. Research analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Announces Dividend

The firm 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 dividend payout ratio is 1.85%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ERJ. The Goldman Sachs Group raised their target price on shares of Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. UBS Group reiterated a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Wolfe Research reissued a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. Finally, Wall Street Zen cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Embraer currently has an average rating of "Moderate Buy" and an average price target of $48.75.

View Our Latest Research Report on ERJ

Embraer Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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