Petra Financial Advisors Inc. Sells 58 Shares of EMCOR Group, Inc. (NYSE:EME)

Petra Financial Advisors Inc. trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,715 shares of the construction company’s stock after selling 58 shares during the quarter. Petra Financial Advisors Inc.’s holdings in EMCOR Group were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. BNP Paribas Financial Markets grew its holdings in EMCOR Group by 92.8% during the 1st quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after acquiring an additional 49,346 shares during the period. Montag A & Associates Inc. bought a new stake in EMCOR Group in the first quarter worth approximately $1,772,000. Cetera Advisors LLC lifted its stake in EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after buying an additional 3,869 shares during the period. Sei Investments Co. boosted its holdings in shares of EMCOR Group by 3.8% during the 1st quarter. Sei Investments Co. now owns 128,492 shares of the construction company’s stock worth $44,996,000 after buying an additional 4,647 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of EMCOR Group during the 1st quarter worth approximately $209,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EME shares. DA Davidson raised their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

EMCOR Group Stock Performance

NYSE:EME traded up $18.27 on Thursday, hitting $450.04. The stock had a trading volume of 183,551 shares, compared to its average volume of 428,321. EMCOR Group, Inc. has a 1 year low of $204.11 and a 1 year high of $456.76. The firm’s fifty day simple moving average is $415.78 and its two-hundred day simple moving average is $385.33. The stock has a market cap of $21.15 billion, a P/E ratio of 28.48 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company earned $3.61 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts predict that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 6.60%.

EMCOR Group Profile

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.