Public Employees Retirement System of Ohio Takes $5.04 Million Position in Embraer S.A. (NYSE:ERJ)

Public Employees Retirement System of Ohio bought a new stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 137,461 shares of the aerospace company's stock, valued at approximately $5,042,000. Public Employees Retirement System of Ohio owned about 0.07% of Embraer as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Embraer by 17,140.6% during the fourth quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Embraer during the 4th quarter worth $42,313,000. Carrhae Capital LLP raised its position in Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after purchasing an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 worth $30,247,000 after buying an additional 746,758 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Embraer in the 4th quarter worth $25,024,000. Institutional investors own 34.65% of the company's stock.

Embraer Stock Up 0.3%

Shares of Embraer stock traded up $0.12 during trading on Monday, reaching $46.11. The company's stock had a trading volume of 1,009,036 shares, compared to its average volume of 1,530,247. Embraer S.A. has a 1-year low of $25.24 and a 1-year high of $56.61. The company has a 50-day simple moving average of $45.61 and a two-hundred day simple moving average of $43.10. 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 $8.47 billion, a price-to-earnings ratio of 16.95 and a beta of 1.67.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly 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. 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 analysts' expectations of $1.17 billion. During the same period last year, the business posted ($0.48) earnings per share. The firm's revenue was up 23.0% compared to the same quarter last year. As a group, equities analysts forecast that Embraer S.A. will post 2.04 earnings per share for the current year.

Embraer Announces Dividend

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

Wall Street Analyst Weigh In

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

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.