Two Sigma Advisers LP Reduces Stock Position in Embraer S.A. (NYSE:ERJ)

Two Sigma Advisers LP lessened its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 463,400 shares of the aerospace company's stock after selling 6,900 shares during the quarter. Two Sigma Advisers LP owned about 0.25% of Embraer worth $16,998,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after buying an additional 1,228,468 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Embraer in the 4th quarter valued at about $42,313,000. Carrhae Capital LLP raised its holdings 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 buying an additional 866,919 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Embraer by 959.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock valued at $30,247,000 after buying an additional 746,758 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in Embraer in the 4th quarter valued at about $25,024,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Up 1.8%

ERJ stock traded up $0.87 during midday trading on Tuesday, hitting $48.36. The company's stock had a trading volume of 154,806 shares, compared to its average volume of 1,526,250. 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 S.A. has a 52-week low of $25.24 and a 52-week high of $56.61. The firm has a market capitalization of $8.88 billion, a P/E ratio of 17.81 and a beta of 1.67. The firm has a 50-day simple moving average of $45.97 and a 200-day simple moving average of $42.80.

Embraer (NYSE:ERJ - Get Free Report) last issued 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. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm's revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.48) EPS. As a group, equities analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. The Goldman Sachs Group raised their price target on 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 lowered Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, UBS Group restated a "sell" rating and set a $39.00 price target (up from $35.00) on shares of Embraer in a research report on Thursday, April 24th. One equities 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 company. According to MarketBeat, Embraer currently has an average rating of "Moderate Buy" and a consensus price target of $48.75.

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.