Two Sigma Investments LP Acquires 108,740 Shares of Embraer S.A. (NYSE:ERJ)

Two Sigma Investments LP boosted its holdings in shares of Embraer S.A. (NYSE:ERJ) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,051 shares of the aerospace company’s stock after acquiring an additional 108,740 shares during the quarter. Two Sigma Investments LP’s holdings in Embraer were worth $18,562,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ERJ. Ballentine Partners LLC boosted its position in Embraer by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after buying an additional 296 shares during the period. Yeomans Consulting Group Inc. bought a new stake in shares of Embraer during the fourth quarter valued at approximately $276,000. Brighton Jones LLC purchased a new stake in shares of Embraer in the fourth quarter valued at approximately $502,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Embraer in the fourth quarter worth approximately $384,000. Finally, Blue Trust Inc. increased its holdings in Embraer by 21.7% during the 4th quarter. Blue Trust Inc. now owns 16,007 shares of the aerospace company’s stock worth $566,000 after purchasing an additional 2,851 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Down 0.7%

Shares of NYSE:ERJ opened at $47.46 on Friday. Embraer S.A. has a 12-month low of $25.24 and a 12-month high of $56.61. The business’s fifty day simple moving average is $46.30 and its 200-day simple moving average is $42.53. The company has a market capitalization of $8.72 billion, a PE ratio of 17.45 and a beta of 1.67. 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) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.19. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned ($0.48) earnings per share. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. As a group, equities research analysts predict that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Embraer Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be given a $0.049 dividend. The ex-dividend date is Friday, May 16th. Embraer’s payout ratio is currently 1.85%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ERJ shares. The Goldman Sachs Group upped their target price on Embraer from $54.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, May 12th. Wall Street Zen downgraded Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Wolfe Research reiterated a “peer perform” rating on shares of Embraer in a report on Monday, March 24th. Finally, UBS Group restated a “sell” rating and issued a $39.00 price target (up previously from $35.00) on shares of Embraer in a report on Thursday, April 24th. One research 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. According to MarketBeat, Embraer currently has an average rating of “Moderate Buy” and a consensus target price of $48.75.

Embraer Company 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.