Nuveen Asset Management LLC Sells 28,144 Shares of Embraer S.A. (NYSE:ERJ)

Nuveen Asset Management LLC lowered its position in Embraer S.A. (NYSE:ERJ - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,893,616 shares of the aerospace company's stock after selling 28,144 shares during the quarter. Nuveen Asset Management LLC owned about 1.03% of Embraer worth $69,458,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Miura Global Management LLC increased its holdings in shares of Embraer by 100.0% in the fourth quarter. Miura Global Management LLC now owns 50,000 shares of the aerospace company's stock worth $1,834,000 after purchasing an additional 25,000 shares during the period. Millennium Management LLC increased its holdings in shares of Embraer by 10.3% in the fourth quarter. Millennium Management LLC now owns 464,744 shares of the aerospace company's stock worth $17,047,000 after purchasing an additional 43,545 shares during the period. Graham Capital Management L.P. increased its holdings in shares of Embraer by 86.3% in the fourth quarter. Graham Capital Management L.P. now owns 273,927 shares of the aerospace company's stock worth $10,048,000 after purchasing an additional 126,881 shares during the period. Eisler Capital Management Ltd. bought a new position in shares of Embraer in the fourth quarter worth $988,000. Finally, Colonial Trust Co SC bought a new position in shares of Embraer in the fourth quarter worth $42,000. Institutional investors own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. UBS Group reaffirmed 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. Finally, Wall Street Zen cut Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $48.75.

Embraer Price Performance

ERJ traded up $0.08 during trading on Friday, reaching $47.49. The stock had a trading volume of 730,078 shares, compared to its average volume of 1,529,964. The stock has a market cap of $8.72 billion, a PE ratio of 17.46 and a beta of 1.67. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a one year low of $25.24 and a one year high of $56.61. The business has a 50-day moving average of $46.15 and a 200-day moving average of $42.62.

Embraer (NYSE:ERJ - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm's revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. As a group, equities research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current fiscal year.

Embraer Announces Dividend

The company also recently announced a -- dividend, which will be paid on Monday, June 2nd. Investors 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 dividend payout ratio 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.