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

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.

Embraer 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.