Wealth Enhancement Advisory Services LLC Purchases 6,822 Shares of Embraer S.A. (NYSE:ERJ)

Wealth Enhancement Advisory Services LLC raised its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 39.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,212 shares of the aerospace company's stock after acquiring an additional 6,822 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Embraer were worth $888,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ERJ. Carrhae Capital LLP raised its position in Embraer by 48.1% in the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after purchasing an additional 866,919 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Embraer by 19.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after buying an additional 390,094 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Embraer by 8.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after buying an additional 176,182 shares during the last quarter. Invesco Ltd. lifted its position in 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 buying an additional 1,228,468 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in Embraer by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock worth $36,547,000 after acquiring an additional 334,206 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group upped 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. Wall Street Zen downgraded Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. UBS Group reissued a "sell" rating and issued a $39.00 target price (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Hsbc Global Res upgraded Embraer from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $50.40.

Embraer Trading Down 2.0%

Shares of Embraer stock traded down $0.95 on Tuesday, hitting $47.42. 930,578 shares of the company's stock traded hands, compared to its average volume of 1,592,492. The firm's 50-day moving average price is $45.70 and its two-hundred day moving average price is $43.41. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market capitalization of $8.71 billion, a PE ratio of 17.44 and a beta of 1.68. Embraer S.A. has a one year low of $25.24 and a one year high of $56.61.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted ($0.48) earnings per share. The firm's revenue was up 23.0% on a year-over-year basis. On average, research analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Announces Dividend

The company also recently declared a -- dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer's dividend payout ratio is 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.