EMCOR Group, Inc. (NYSE:EME) Shares Bought by Private Client Services LLC

Private Client Services LLC boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 35.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,253 shares of the construction company’s stock after buying an additional 857 shares during the quarter. Private Client Services LLC’s holdings in EMCOR Group were worth $1,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fulton Bank N.A. grew its holdings in EMCOR Group by 2.6% during the fourth quarter. Fulton Bank N.A. now owns 2,493 shares of the construction company’s stock worth $1,132,000 after acquiring an additional 64 shares during the period. Diversified Trust Co boosted its position in EMCOR Group by 46.4% in the 4th quarter. Diversified Trust Co now owns 3,527 shares of the construction company’s stock worth $1,601,000 after purchasing an additional 1,118 shares in the last quarter. Fortem Financial Group LLC grew its stake in shares of EMCOR Group by 0.5% during the 4th quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock worth $3,167,000 after purchasing an additional 32 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of EMCOR Group during the 4th quarter valued at approximately $969,000. Finally, Nordea Investment Management AB lifted its stake in shares of EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock valued at $65,036,000 after purchasing an additional 136,501 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EME has been the topic of several analyst reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

Shares of EME traded up $3.48 during mid-day trading on Wednesday, hitting $473.66. 161,062 shares of the company were exchanged, compared to its average volume of 350,477. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 24.06 and a beta of 1.12. EMCOR Group, Inc. has a 1-year low of $211.10 and a 1-year high of $532.38. The company has a 50 day moving average of $485.97 and a 200-day moving average of $425.14.

EMCOR Group (NYSE:EME) last released its earnings results 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for 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. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

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.