Millennium Management LLC Purchases 43,545 Shares of Embraer S.A. (NYSE:ERJ)

Millennium Management LLC boosted its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 464,744 shares of the aerospace company's stock after purchasing an additional 43,545 shares during the quarter. Millennium Management LLC owned 0.25% of Embraer worth $17,047,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in shares of Embraer by 17,140.6% in the fourth 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. acquired a new position in shares of Embraer in the fourth quarter valued at approximately $42,313,000. Carrhae Capital LLP boosted its holdings in shares of Embraer by 48.1% in the fourth 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. boosted its holdings in shares of Embraer by 959.2% in the fourth 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. acquired a new position in shares of Embraer in the fourth quarter valued at approximately $25,024,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer Stock Up 0.2%

Shares of ERJ stock traded up $0.08 during trading on Friday, reaching $47.49. The company's stock had a trading volume of 730,078 shares, compared to its average volume of 1,531,706. The business has a fifty day moving average price of $46.15 and a 200-day moving average price of $42.67. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 17.46 and a beta of 1.67. 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 announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.19. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Analysts anticipate that Embraer S.A. will post 2.04 earnings per share for the current year.

Embraer Announces Dividend

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

Analyst Upgrades and Downgrades

ERJ has been the subject of several research analyst reports. UBS Group reiterated a "sell" rating and issued a $39.00 price target (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. Wolfe Research reiterated a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. Wall Street Zen cut shares of Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Embraer presently has a consensus 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.