Wesbanco Bank Inc. Lowers Stake in EMCOR Group, Inc. (NYSE:EME)

Wesbanco Bank Inc. lessened its stake in EMCOR Group, Inc. (NYSE:EME) by 39.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,579 shares of the construction company’s stock after selling 1,050 shares during the quarter. Wesbanco Bank Inc.’s holdings in EMCOR Group were worth $717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Cumberland Partners Ltd increased its position in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after acquiring an additional 1,500 shares during the period. Wolff Wiese Magana LLC increased its holdings in EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after purchasing an additional 667 shares during the period. Robeco Institutional Asset Management B.V. raised its position in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after purchasing an additional 34,553 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after buying an additional 1,049 shares during the period. Finally, PFW Advisors LLC bought a new position in shares of EMCOR Group during the 4th quarter worth $689,000. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

EMCOR Group Stock Down 0.8 %

Shares of EME opened at $531.57 on Friday. The company has a 50 day moving average of $488.87 and a two-hundred day moving average of $434.64. The company has a market cap of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. EMCOR Group, Inc. has a twelve month low of $219.07 and a twelve month high of $545.29.

EMCOR Group (NYSE:EME) last released 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 company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business posted $3.61 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed 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 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 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.