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

BNP Paribas Financial Markets lessened its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 90.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after buying an additional 1,228,468 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Embraer in the 4th quarter worth $42,313,000. Carrhae Capital LLP lifted its holdings 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 buying an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 buying an additional 746,758 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Embraer in the 4th quarter worth $25,024,000. Institutional investors own 34.65% of the company's stock.

Embraer Stock Down 3.4%

Embraer stock traded down $1.65 during midday trading on Wednesday, reaching $46.93. The company's stock had a trading volume of 579,197 shares, compared to its average volume of 1,524,309. The stock's 50-day simple moving average is $45.89 and its 200-day simple moving average is $42.84. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a 52-week low of $25.24 and a 52-week high of $56.61. The stock has a market capitalization of $8.62 billion, a P/E ratio of 17.25 and a beta of 1.67.

Embraer (NYSE:ERJ - Get Free Report) last released 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. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the business posted ($0.48) earnings per share. The firm's revenue was up 23.0% compared to the same quarter last year. On average, sell-side analysts expect that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a $0.049 dividend. The ex-dividend date is Friday, May 16th. Embraer's dividend payout ratio (DPR) is presently 1.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ERJ shares. Wall Street Zen cut Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Wolfe Research restated a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. The Goldman Sachs Group upped their price objective on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, UBS Group restated a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.