Embraer (ERJ) Sees Large Volume Increase

Shares of Embraer SA (NYSE:ERJ) saw unusually-high trading volume on Friday . Approximately 2,167,670 shares traded hands during trading, an increase of 122% from the previous session’s volume of 975,384 shares.The stock last traded at $23.23 and had previously closed at $22.65.

ERJ has been the topic of several recent analyst reports. ValuEngine cut shares of Embraer from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Bradesco Corretora raised shares of Embraer from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $28.00 in a report on Wednesday, September 26th. Sanford C. Bernstein lowered shares of Embraer from a “market perform” rating to an “underperform” rating in a report on Monday, October 1st. Citigroup raised shares of Embraer to an “outperform” rating and raised their target price for the company from $23.00 to $28.00 in a report on Wednesday, September 26th. Finally, Cowen reissued a “hold” rating and issued a $28.00 target price on shares of Embraer in a report on Tuesday, October 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.25.

The company has a current ratio of 2.13, a quick ratio of 1.29 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $4.24 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.34 and a beta of -0.09.

Embraer (NYSE:ERJ) last posted its quarterly earnings data on Tuesday, October 30th. The aerospace company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22). The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Embraer had a positive return on equity of 0.26% and a negative net margin of 2.43%. On average, analysts predict that Embraer SA will post -0.11 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Friday, January 18th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.0103 per share. This represents a yield of 0.05%. This is a positive change from Embraer’s previous special dividend of $0.01. The ex-dividend date is Friday, December 28th. Embraer’s payout ratio is presently 7.89%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its stake in Embraer by 11.5% during the third quarter. Brandes Investment Partners LP now owns 18,005,367 shares of the aerospace company’s stock worth $357,686,000 after buying an additional 1,863,954 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in Embraer by 13.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,581,737 shares of the aerospace company’s stock worth $109,346,000 after buying an additional 653,500 shares during the period. Oldfield Partners LLP boosted its stake in Embraer by 27.2% during the third quarter. Oldfield Partners LLP now owns 3,810,165 shares of the aerospace company’s stock worth $74,641,000 after buying an additional 813,800 shares during the period. Holowesko Partners Ltd. boosted its stake in Embraer by 62.6% during the third quarter. Holowesko Partners Ltd. now owns 2,294,250 shares of the aerospace company’s stock worth $44,944,000 after buying an additional 883,000 shares during the period. Finally, Morgan Stanley boosted its stake in Embraer by 2,209.4% during the third quarter. Morgan Stanley now owns 1,161,686 shares of the aerospace company’s stock worth $22,758,000 after buying an additional 1,111,383 shares during the period. 47.07% of the stock is owned by institutional investors.

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About Embraer (NYSE:ERJ)

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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