Capital Performance Advisors LLP Purchases Shares of 230 EMCOR Group, Inc. (NYSE:EME)

Capital Performance Advisors LLP acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 230 shares of the construction company’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chevy Chase Trust Holdings LLC grew its stake in EMCOR Group by 6.9% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 1,251 shares of the construction company’s stock valued at $438,000 after buying an additional 81 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of EMCOR Group by 259.0% during the first quarter. SG Americas Securities LLC now owns 25,938 shares of the construction company’s stock worth $9,083,000 after acquiring an additional 18,713 shares during the period. Highland Capital Management LLC acquired a new position in shares of EMCOR Group in the first quarter valued at approximately $257,000. Montag A & Associates Inc. bought a new position in shares of EMCOR Group during the first quarter worth approximately $1,772,000. Finally, Atomi Financial Group Inc. acquired a new stake in EMCOR Group during the 1st quarter worth approximately $264,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

EMCOR Group Trading Up 1.9 %

Shares of EME opened at $514.07 on Friday. The stock has a market capitalization of $23.65 billion, a PE ratio of 26.11 and a beta of 1.07. The firm’s 50 day moving average is $429.51 and its 200-day moving average is $391.88. EMCOR Group, Inc. has a 12 month low of $207.36 and a 12 month high of $519.10.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share 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 analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.61 EPS. Equities research analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group’s payout ratio is 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.