BNP Paribas Financial Markets Raises Stake in EMCOR Group, Inc. (NYSE:EME)

BNP Paribas Financial Markets increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,374 shares of the construction company’s stock after buying an additional 2,552 shares during the period. BNP Paribas Financial Markets owned about 0.20% of EMCOR Group worth $39,770,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. increased its stake in shares of EMCOR Group by 3.1% during the 3rd quarter. D.A. Davidson & CO. now owns 4,545 shares of the construction company’s stock worth $1,957,000 after purchasing an additional 135 shares during the last quarter. Bank of Montreal Can grew its holdings in EMCOR Group by 0.7% during the third quarter. Bank of Montreal Can now owns 12,261 shares of the construction company’s stock valued at $5,237,000 after purchasing an additional 82 shares during the period. Private Trust Co. NA raised its stake in shares of EMCOR Group by 153.6% in the third quarter. Private Trust Co. NA now owns 246 shares of the construction company’s stock valued at $106,000 after buying an additional 149 shares during the period. Hancock Whitney Corp lifted its position in shares of EMCOR Group by 2.3% during the 3rd quarter. Hancock Whitney Corp now owns 57,370 shares of the construction company’s stock valued at $24,700,000 after buying an additional 1,309 shares during the last quarter. Finally, DRW Securities LLC grew its stake in shares of EMCOR Group by 21.4% during the 3rd quarter. DRW Securities LLC now owns 3,643 shares of the construction company’s stock worth $1,568,000 after acquiring an additional 643 shares during the period. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EME shares. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. Stifel Nicolaus started coverage on shares of EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Trading Down 1.3 %

Shares of EMCOR Group stock opened at $507.95 on Friday. The company’s 50-day moving average price is $464.81 and its 200-day moving average price is $406.25. The company has a market cap of $23.37 billion, a price-to-earnings ratio of 25.80 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned $3.61 EPS. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 5.08%.

About EMCOR Group

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.