BNP Paribas Financial Markets Reduces Stock Holdings in Embraer S.A. (NYSE:ERJ)

BNP Paribas Financial Markets cut its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 90.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,316 shares of the aerospace company's stock after selling 160,467 shares during the period. BNP Paribas Financial Markets' holdings in Embraer were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carrhae Capital LLP increased its position in shares of Embraer by 48.1% in the fourth 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 during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Embraer by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock worth $89,465,000 after purchasing an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Embraer by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock worth $81,065,000 after purchasing an additional 176,182 shares during the last quarter. Invesco Ltd. increased its position in shares of Embraer by 17,140.6% in the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Embraer in the fourth quarter worth approximately $42,313,000. 34.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. Wall Street Zen lowered Embraer from a "buy" rating to a "hold" rating in a research note 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 research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.75.

Embraer Trading Down 0.0%

ERJ traded down $0.01 on Thursday, hitting $46.87. 858,571 shares of the company were exchanged, compared to its average volume of 1,527,391. 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 12 month low of $25.24 and a 12 month high of $56.61. The firm has a fifty day simple moving average of $45.72 and a two-hundred day simple moving average of $42.92. The stock has a market capitalization of $8.61 billion, a PE ratio of 17.23 and a beta of 1.67.

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

Embraer Announces Dividend

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%.

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.