EMCOR Group, Inc. (NYSE:EME) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

by · The Cerbat Gem

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 46.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,066 shares of the construction company’s stock after purchasing an additional 21,385 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.15% of EMCOR Group worth $28,874,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Matrix Trust Co purchased a new position in EMCOR Group during the second quarter worth about $26,000. Proffitt & Goodson Inc. purchased a new position in shares of EMCOR Group during the 2nd quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $33,000. Innealta Capital LLC acquired a new stake in shares of EMCOR Group in the 2nd quarter valued at approximately $29,000. Finally, ORG Partners LLC acquired a new position in EMCOR Group during the second quarter worth $31,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. DA Davidson raised their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday. They issued a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday. They set a “sell” rating and a $445.00 price target on the stock. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $518.75.

Get Our Latest Stock Analysis on EME

EMCOR Group Price Performance

Shares of EME opened at $504.85 on Friday. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07. The firm has a 50 day simple moving average of $454.82 and a 200-day simple moving average of $401.69.

EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the business posted $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

EMCOR Group Company Profile

(Free Report)

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.

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