First Trust Advisors LP Invests $275,000 in Embraer S.A. (NYSE:ERJ)

First Trust Advisors LP purchased a new position in shares of Embraer S.A. (NYSE:ERJ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,489 shares of the aerospace company's stock, valued at approximately $275,000.

Other hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management boosted its stake in shares of Embraer by 3.5% during the 4th quarter. Ritholtz Wealth Management now owns 43,107 shares of the aerospace company's stock worth $1,581,000 after purchasing an additional 1,456 shares during the last quarter. LVW Advisors LLC grew its holdings in Embraer by 3.3% during the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock worth $391,000 after acquiring an additional 340 shares during the period. Diversify Wealth Management LLC raised its holdings in Embraer by 19.1% during the 4th quarter. Diversify Wealth Management LLC now owns 38,889 shares of the aerospace company's stock worth $1,465,000 after buying an additional 6,225 shares during the period. Ballentine Partners LLC boosted its holdings in Embraer by 4.0% in the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock worth $279,000 after purchasing an additional 296 shares in the last quarter. Finally, Yeomans Consulting Group Inc. acquired a new position in shares of Embraer during the fourth quarter worth approximately $276,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

ERJ has been the topic of a number of analyst reports. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. 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 issued a $39.00 price objective (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price target on Embraer from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Embraer has an average rating of "Moderate Buy" and a consensus target price of $48.75.

Embraer Price Performance

ERJ traded up $1.35 on Tuesday, reaching $49.40. 1,751,355 shares of the company's stock were exchanged, compared to its average volume of 1,582,378. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a twelve month low of $25.24 and a twelve month high of $56.61. The stock has a market cap of $9.07 billion, a PE ratio of 18.16 and a beta of 1.67. The stock's fifty day moving average price is $46.74 and its 200-day moving average price is $41.82.

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

Embraer Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, June 2nd. Investors 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 currently 1.85%.

Embraer 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.