Northern Trust Corp Purchases 258,387 Shares of Embraer S.A. (NYSE:ERJ)

Northern Trust Corp boosted its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 253.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 360,337 shares of the aerospace company's stock after purchasing an additional 258,387 shares during the quarter. Northern Trust Corp owned about 0.20% of Embraer worth $13,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Embraer in the 4th quarter worth about $28,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Embraer during the fourth quarter valued at about $37,000. Lindbrook Capital LLC increased its position in shares of Embraer by 32.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after buying an additional 389 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Embraer in the fourth quarter worth approximately $71,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Embraer by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock worth $71,000 after purchasing an additional 809 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. UBS Group reiterated a "sell" rating and issued a $39.00 price objective (up from $35.00) on shares of Embraer in a report on Thursday, April 24th. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group boosted their price target on Embraer from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have assigned 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, the company has a consensus rating of "Moderate Buy" and an average price target of $48.75.

Embraer Stock Up 2.5%

Shares of ERJ traded up $1.21 during midday trading on Monday, reaching $50.02. 767,780 shares of the company were exchanged, compared to its average volume of 1,540,448. The stock has a 50-day moving average price of $46.60 and a 200-day moving average price of $42.24. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 18.39 and a beta of 1.67. Embraer S.A. has a 1-year low of $25.24 and a 1-year high of $56.61. 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 announced its quarterly earnings data 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 return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the firm posted ($0.48) earnings per share. Embraer's revenue for the quarter was up 23.0% compared to the same quarter last year. Research analysts expect 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. Stockholders of record on Friday, May 16th will be issued a dividend of $0.049 per share. The ex-dividend date of this dividend is Friday, May 16th. Embraer's dividend payout ratio (DPR) is presently 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.