Wealth Enhancement Advisory Services LLC Increases Holdings in Embraer S.A. (NYSE:ERJ)

Wealth Enhancement Advisory Services LLC grew its position in Embraer S.A. (NYSE:ERJ - Free Report) by 39.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,212 shares of the aerospace company's stock after buying an additional 6,822 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Embraer were worth $888,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ERJ. Invesco Ltd. lifted its stake in shares of Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after purchasing an additional 1,228,468 shares during the last quarter. Carrhae Capital LLP lifted its stake in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Embraer by 959.2% during 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 purchasing an additional 746,758 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Embraer during the 4th quarter worth $25,024,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of Embraer by 902.5% during the 4th quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company's stock worth $21,534,000 after purchasing an additional 528,508 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ERJ has been the topic of several recent analyst reports. The Goldman Sachs Group upped their target price on Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. HSBC raised Embraer from a "hold" rating to a "buy" rating and upped their target price for the company from $45.00 to $57.00 in a research report on Wednesday, June 4th. UBS Group reaffirmed a "sell" rating and set a $39.00 target price (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. Finally, Wall Street Zen lowered Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $50.40.

Embraer Price Performance

Shares of NYSE ERJ traded down $1.53 during midday trading on Friday, hitting $48.26. The stock had a trading volume of 2,025,525 shares, compared to its average volume of 1,504,791. The company has a market capitalization of $8.86 billion, a PE ratio of 17.74 and a beta of 1.68. The stock has a 50 day simple moving average of $46.05 and a 200-day simple moving average of $43.54. Embraer S.A. has a 1 year low of $25.24 and a 1 year high of $56.61. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 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 during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm earned ($0.48) earnings per share. The business's revenue for the quarter was up 23.0% on a year-over-year basis. On average, sell-side analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Announces Dividend

The business also recently announced a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer's dividend payout ratio (DPR) is presently 1.85%.

About Embraer

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.