Embraer S.A. (NYSE:ERJ) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its position in shares of Embraer S.A. (NYSE:ERJ) by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,669,279 shares of the aerospace company’s stock after selling 17,221 shares during the period. Bank of America Corp DE owned 1.45% of Embraer worth $97,909,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Embraer during the fourth quarter worth $28,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Embraer during the 4th quarter valued at about $37,000. Lindbrook Capital LLC lifted its holdings in shares of Embraer by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 389 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Embraer during the 4th quarter worth about $71,000. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in 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 valued at $71,000 after purchasing an additional 809 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ERJ. The Goldman Sachs Group lifted their price target on shares of Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Wolfe Research reissued a “peer perform” rating on shares of Embraer in a research report on Monday, March 24th. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. Finally, UBS Group reissued a “sell” rating and set a $39.00 target price (up previously from $35.00) on shares of Embraer in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.25.

Embraer Trading Down 2.6 %

ERJ opened at $48.22 on Friday. The firm’s 50 day moving average is $46.84 and its 200-day moving average is $41.68. Embraer S.A. has a 52-week low of $25.24 and a 52-week high of $56.61. 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 firm has a market capitalization of $8.86 billion, a P/E ratio of 17.73 and a beta of 1.67.

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

Embraer Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, June 2nd. Shareholders 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 (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.