Vaughan Nelson Investment Management L.P. Sells 431,980 Shares of Embraer S.A. (NYSE:ERJ)

Vaughan Nelson Investment Management L.P. trimmed its position in Embraer S.A. (NYSE:ERJ - Free Report) by 37.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 721,580 shares of the aerospace company's stock after selling 431,980 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.39% of Embraer worth $33,337,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ERJ. Brighton Jones LLC acquired a new position in shares of Embraer in the fourth quarter valued at $502,000. Leavell Investment Management Inc. raised its stake in shares of Embraer by 14.3% in the fourth quarter. Leavell Investment Management Inc. now owns 9,200 shares of the aerospace company's stock valued at $337,000 after purchasing an additional 1,150 shares in the last quarter. Principal Financial Group Inc. raised its stake in Embraer by 5.3% during the fourth quarter. Principal Financial Group Inc. now owns 177,602 shares of the aerospace company's stock worth $6,514,000 after acquiring an additional 8,938 shares in the last quarter. Truist Financial Corp raised its stake in Embraer by 8.1% during the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock worth $231,000 after acquiring an additional 470 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Embraer during the fourth quarter worth $71,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ERJ shares. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. HSBC upgraded Embraer from a "hold" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Wall Street Zen lowered Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. UBS Group reiterated a "sell" rating and set a $39.00 price objective (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Finally, Hsbc Global Res upgraded Embraer from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Embraer has a consensus 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, reaching $48.26. The company's stock had a trading volume of 2,025,525 shares, compared to its average volume of 1,497,760. Embraer S.A. has a fifty-two week low of $25.24 and a fifty-two week high of $56.61. The company has a market capitalization of $8.86 billion, a P/E ratio of 17.74 and a beta of 1.68. 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 business's fifty day simple moving average is $46.20 and its 200-day simple moving average is $43.63.

Embraer (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last 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. As a group, equities research analysts expect that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Dividend Announcement

The company also recently declared 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 was Friday, May 16th. Embraer's dividend payout ratio is 1.85%.

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.