Metis Global Partners LLC Purchases 123 Shares of EMCOR Group, Inc. (NYSE:EME)

Metis Global Partners LLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,462 shares of the construction company’s stock after purchasing an additional 123 shares during the quarter. Metis Global Partners LLC’s holdings in EMCOR Group were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Matrix Trust Co purchased a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $26,000. Proffitt & Goodson Inc. purchased a new stake in shares of EMCOR Group during the second quarter worth $27,000. Innealta Capital LLC bought a new position in shares of EMCOR Group in the second quarter worth $29,000. ORG Partners LLC purchased a new position in shares of EMCOR Group in the second quarter valued at $31,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday. They set a “buy” rating and a $600.00 target price for the company. DA Davidson upped their target price 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. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Trading Up 0.2 %

EME stock opened at $498.86 on Monday. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $525.31. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 25.34 and a beta of 1.07. The company’s 50 day moving average is $443.84 and its 200 day moving average is $397.63.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued 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 payout ratio is currently 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.