Nationwide Fund Advisors raised its stake in Embraer SA (NYSE:ERJ) by 217.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,520 shares of the aerospace company’s stock after buying an additional 121,000 shares during the period. Nationwide Fund Advisors owned 0.10% of Embraer worth $3,991,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Global X Management Co. LLC lifted its holdings in shares of Embraer by 2.3% during the second quarter. Global X Management Co. LLC now owns 7,521 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 169 shares during the period. Seminole Management Co. Inc. acquired a new position in shares of Embraer during the second quarter worth $182,000. Legal & General Group Plc lifted its holdings in shares of Embraer by 32.6% during the second quarter. Legal & General Group Plc now owns 13,433 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 3,300 shares during the period. First Allied Advisory Services Inc. lifted its holdings in shares of Embraer by 11.4% during the second quarter. First Allied Advisory Services Inc. now owns 20,114 shares of the aerospace company’s stock worth $367,000 after purchasing an additional 2,061 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of Embraer by 17.7% during the second quarter. Aperio Group LLC now owns 22,119 shares of the aerospace company’s stock worth $403,000 after purchasing an additional 3,321 shares during the period. Institutional investors own 50.11% of the company’s stock.

A number of equities analysts have recently commented on the stock. Cowen reiterated a “hold” rating and set a $22.00 price target on shares of Embraer in a report on Monday, October 30th. J P Morgan Chase & Co lowered shares of Embraer from an “overweight” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Tuesday, October 31st. Santander lowered shares of Embraer from a “hold” rating to an “underperform” rating in a report on Monday, October 30th. Scotiabank lowered shares of Embraer from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 17th. Finally, Deutsche Bank lowered shares of Embraer from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Embraer has a consensus rating of “Hold” and a consensus target price of $22.20.

Embraer SA (NYSE ERJ) opened at $19.52 on Friday. Embraer SA has a 52 week low of $17.58 and a 52 week high of $24.95. The firm has a market cap of $3,582.82, a price-to-earnings ratio of 8.30, a P/E/G ratio of 0.63 and a beta of 0.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.73 and a current ratio of 2.67.

Embraer (NYSE:ERJ) last announced its earnings results on Friday, October 27th. The aerospace company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Embraer had a net margin of 6.63% and a return on equity of 10.65%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. analysts expect that Embraer SA will post 1.81 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 28th will be paid a dividend of $0.1079 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This is an increase from Embraer’s previous special dividend of $0.05. Embraer’s dividend payout ratio (DPR) is currently 11.31%.

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Embraer Company Profile

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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