EMC Capital Management Reduces Position in EMCOR Group, Inc. (NYSE:EME)

EMC Capital Management trimmed its position in EMCOR Group, Inc. (NYSE:EMEFree Report) by 75.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,338 shares of the construction company’s stock after selling 4,079 shares during the quarter. EMCOR Group accounts for approximately 0.3% of EMC Capital Management’s holdings, making the stock its 23rd biggest holding. EMC Capital Management’s holdings in EMCOR Group were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. increased its position in shares of EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $298,000 after acquiring an additional 26 shares during the period. Cumberland Partners Ltd increased its holdings in EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after purchasing an additional 1,500 shares during the period. Wolff Wiese Magana LLC raised its position 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 valued at $311,000 after purchasing an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in EMCOR Group by 173.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the period. Finally, Independent Advisor Alliance grew its position 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 last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Research Report on EME

EMCOR Group Price Performance

NYSE:EME opened at $446.56 on Thursday. The firm’s 50-day moving average price is $485.73 and its 200-day moving average price is $438.27. The company has a market capitalization of $20.54 billion, a PE ratio of 22.40 and a beta of 1.12. EMCOR Group, Inc. has a 1-year low of $226.99 and a 1-year high of $545.29.

EMCOR Group (NYSE:EMEGet Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the company earned $3.61 earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. EMCOR Group’s payout ratio is currently 5.08%.

EMCOR Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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