Embraer S.A. (NYSE:ERJ) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 31.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,748 shares of the aerospace company's stock after selling 17,841 shares during the quarter. Cetera Investment Advisers' holdings in Embraer were worth $1,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ERJ. Jones Financial Companies Lllp purchased a new stake in shares of Embraer in the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda purchased a new stake in Embraer during the fourth quarter worth about $37,000. Lindbrook Capital LLC lifted its position 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 in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Embraer in the fourth quarter valued at approximately $71,000. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of Embraer by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after purchasing an additional 809 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Stock Up 2.4%

Shares of NYSE:ERJ traded up $1.12 on Tuesday, hitting $48.61. 575,722 shares of the company's stock were exchanged, compared to its average volume of 1,527,883. Embraer S.A. has a 1-year low of $25.24 and a 1-year high of $56.61. The company has a market capitalization of $8.93 billion, a PE ratio of 17.87 and a beta of 1.67. 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 firm's 50-day moving average is $45.89 and its 200 day moving average is $42.84.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted ($0.48) earnings per share. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. Sell-side analysts predict that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Dividend Announcement

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

Analysts Set New Price Targets

ERJ has been the topic of a number of research reports. UBS Group reiterated a "sell" rating and set a $39.00 target price (up from $35.00) on shares of Embraer in a report on Thursday, April 24th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. The Goldman Sachs Group boosted their target price on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Finally, Wall Street Zen lowered Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One 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. Based on data from MarketBeat, Embraer presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.75.

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.