BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Holdings in EMCOR Group, Inc. (NYSE:EME)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 46.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,066 shares of the construction company’s stock after acquiring an additional 21,385 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in EMCOR Group were worth $28,874,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. CANADA LIFE ASSURANCE Co boosted its holdings in shares of EMCOR Group by 20.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,643 shares of the construction company’s stock valued at $11,437,000 after purchasing an additional 5,633 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in EMCOR Group in the first quarter valued at $330,000. Price T Rowe Associates Inc. MD increased its stake in EMCOR Group by 10.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock worth $50,711,000 after acquiring an additional 13,995 shares during the last quarter. Ascent Group LLC acquired a new stake in EMCOR Group during the first quarter worth about $261,000. Finally, Caxton Associates LP acquired a new position in shares of EMCOR Group in the 1st quarter valued at about $929,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

EMCOR Group Price Performance

Shares of EME stock opened at $504.85 on Friday. The company’s fifty day moving average price is $454.82 and its two-hundred day moving average price is $401.69. The firm has a market capitalization of $23.22 billion, a P/E ratio of 25.64 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 issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. 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 business posted $3.61 earnings per share. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend payout ratio is presently 5.08%.

EMCOR Group Company 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.