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

Nuveen Asset Management LLC cut its position in Embraer S.A. (NYSE:ERJ - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ballentine Partners LLC boosted its stake in shares of Embraer by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock valued at $279,000 after purchasing an additional 296 shares in the last quarter. LVW Advisors LLC grew its stake in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Embraer by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after buying an additional 389 shares during the last quarter. US Bancorp DE boosted its stake in shares of Embraer by 13.4% during the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after purchasing an additional 395 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in Embraer by 1.7% during the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after buying an additional 454 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer Stock Down 1.8%

Shares of ERJ stock traded down $0.87 on Wednesday, hitting $47.81. 634,152 shares of the stock were exchanged, compared to its average volume of 1,532,505. Embraer S.A. has a fifty-two week low of $25.24 and a fifty-two week high of $56.61. The firm has a market capitalization of $8.78 billion, a P/E ratio of 17.58 and a beta of 1.67. The business has a 50-day moving average of $46.54 and a 200 day moving average of $42.40. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Embraer (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.17 billion. During the same quarter in the prior year, the firm earned ($0.48) EPS. The business's revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Dividend Announcement

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

Wall Street Analysts Forecast Growth

ERJ has been the topic of several recent research reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a report on Monday, March 24th. UBS Group reissued a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, 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.