EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC boosted its position in EMCOR Group, Inc. (NYSE:EME) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,536 shares of the construction company’s stock after purchasing an additional 439 shares during the period. Pathstone Holdings LLC’s holdings in EMCOR Group were worth $4,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in EME. Matrix Trust Co purchased a new position in shares of EMCOR Group during the 2nd quarter worth approximately $26,000. Proffitt & Goodson Inc. purchased a new position in EMCOR Group in the second quarter worth $27,000. Innealta Capital LLC acquired a new stake in EMCOR Group in the second quarter valued at $29,000. ORG Partners LLC acquired a new stake in EMCOR Group in the second quarter valued at $31,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter worth $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 several recent analyst reports. Stifel Nicolaus began 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. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 price target for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Northcoast Research assumed coverage on EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of EME opened at $504.92 on Friday. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07. The firm has a 50 day simple moving average of $457.00 and a 200-day simple moving average of $402.62.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share 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 the consensus estimate of $3.77 billion. During the same quarter last year, the business posted $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) 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.