Mount Yale Investment Advisors LLC Trims Holdings in EMCOR Group, Inc. (NYSE:EME)

Mount Yale Investment Advisors LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,099 shares of the construction company’s stock after selling 29 shares during the period. Mount Yale Investment Advisors LLC’s holdings in EMCOR Group were worth $953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter valued at approximately $33,000. Anchor Investment Management LLC grew its holdings in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares in the last quarter. True Wealth Design LLC raised its position in shares of EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EMCOR Group in the third quarter worth $49,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on EME shares. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Down 19.2 %

Shares of NYSE:EME opened at $429.70 on Tuesday. The firm has a fifty day simple moving average of $490.19 and a two-hundred day simple moving average of $437.44. EMCOR Group, Inc. has a 52 week low of $220.62 and a 52 week high of $545.29. The stock has a market capitalization of $19.77 billion, a P/E ratio of 21.82 and a beta of 1.12.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business posted $3.61 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 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.