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

Cetera Investment Advisers reduced its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 31.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,748 shares of the aerospace company's stock after selling 17,841 shares during the period. Cetera Investment Advisers' holdings in Embraer were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Embraer by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock valued at $6,514,000 after purchasing an additional 8,938 shares during the last quarter. Ninety One North America Inc. lifted its holdings in shares of Embraer by 14.5% during the 4th quarter. Ninety One North America Inc. now owns 84,451 shares of the aerospace company's stock worth $3,098,000 after acquiring an additional 10,665 shares during the period. QRG Capital Management Inc. purchased a new position in shares of Embraer during the 4th quarter worth about $243,000. Truist Financial Corp lifted its holdings in shares of Embraer by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after acquiring an additional 470 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Embraer during the fourth quarter valued at about $384,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Stock Up 0.2%

Shares of NYSE ERJ traded up $0.08 during midday trading on Friday, reaching $47.49. 730,078 shares of the company's stock were exchanged, compared to its average volume of 1,531,706. 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 $8.72 billion, a PE ratio of 17.46 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 business's fifty day moving average price is $46.15 and its two-hundred day moving average price is $42.67.

Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping 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 business 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 earned ($0.48) earnings per share. The company's revenue for the quarter was up 23.0% compared to the same quarter last year. Analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price 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 note on Monday, March 24th. UBS Group restated 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. Finally, Wall Street Zen cut Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.