Tudor Investment Corp ET AL Raises Position in Embraer S.A. (NYSE:ERJ)

Tudor Investment Corp ET AL increased its stake in shares of Embraer S.A. (NYSE:ERJ) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,689 shares of the aerospace company’s stock after buying an additional 789 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Embraer were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company’s stock worth $45,323,000 after acquiring an additional 1,228,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Embraer in the 4th quarter valued at about $42,313,000. Carrhae Capital LLP lifted its position in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company’s stock worth $97,963,000 after buying an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Embraer by 959.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company’s stock valued at $30,247,000 after acquiring an additional 746,758 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Embraer during the fourth quarter valued at approximately $25,024,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Price Performance

Shares of NYSE:ERJ opened at $48.22 on Friday. The firm has a market capitalization of $8.86 billion, a PE ratio of 17.73 and a beta of 1.67. 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 50-day moving average price of $46.84 and a two-hundred day moving average price of $41.63. Embraer S.A. has a twelve month low of $25.24 and a twelve month high of $56.61.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned ($0.48) EPS. Embraer’s revenue for the quarter was up 23.0% on a year-over-year basis. Equities analysts forecast that Embraer S.A. will post 2.04 EPS for the current year.

Embraer Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 2nd. Investors 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 payout ratio is 1.85%.

Wall Street Analysts Forecast Growth

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

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.