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

BNP Paribas Financial Markets lessened its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 90.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC.

A number of other hedge funds have also made changes to their positions in ERJ. Jones Financial Companies Lllp acquired a new stake in Embraer in the 4th quarter worth approximately $28,000. SPX Gestao de Recursos Ltda bought a new position in shares of Embraer in the fourth quarter valued at approximately $37,000. Lindbrook Capital LLC boosted its holdings in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after buying an additional 389 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Embraer during the 4th quarter worth $71,000. Finally, Edmond DE Rothschild Holding S.A. grew its stake in 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 last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer Stock Performance

Shares of ERJ traded up $1.12 during trading hours on Tuesday, reaching $48.61. 575,722 shares of the company traded hands, compared to its average volume of 1,527,882. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The stock's fifty day moving average is $45.97 and its 200 day moving average is $42.80. Embraer S.A. has a 1-year low of $25.24 and a 1-year high of $56.61. The stock has a market cap of $8.93 billion, a P/E ratio of 17.87 and a beta of 1.67.

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

Embraer Dividend Announcement

The company also recently announced a -- dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $0.049 dividend. The ex-dividend date is Friday, May 16th. Embraer's payout ratio is 1.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, May 12th. Wall Street Zen downgraded Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Finally, UBS Group reiterated 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 research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Embraer currently has a consensus rating of "Moderate Buy" and a consensus target price 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.