Embraer S.A. (NYSE:ERJ) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of Embraer S.A. (NYSE:ERJ) by 39.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,212 shares of the aerospace company’s stock after purchasing an additional 6,822 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Embraer were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ERJ. Invesco Ltd. boosted its stake in Embraer by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock valued at $45,323,000 after purchasing an additional 1,228,468 shares during the period. Carrhae Capital LLP boosted its stake 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 during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Embraer by 959.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock valued at $30,247,000 after purchasing an additional 746,758 shares during the period. Victory Capital Management Inc. acquired a new position in Embraer during the 4th quarter valued at about $25,024,000. Finally, Ameriprise Financial Inc. boosted its stake in Embraer by 902.5% during the 4th quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company’s stock valued at $21,534,000 after purchasing an additional 528,508 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Trading Up 4.0%

Shares of NYSE:ERJ opened at $48.37 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $45.70 and a 200-day moving average of $43.41. Embraer S.A. has a twelve month low of $25.24 and a twelve month high of $56.61. The firm has a market cap of $8.88 billion, a P/E ratio of 17.78 and a beta of 1.68.

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

Embraer Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer’s payout ratio is currently 1.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on ERJ shares. The Goldman Sachs Group boosted their target price 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. UBS Group reaffirmed a “sell” rating and issued a $39.00 price target (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. HSBC raised shares of Embraer from a “hold” rating to a “buy” rating and upped their price target for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. Finally, Hsbc Global Res raised shares of Embraer from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.40.

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.