EMCOR Group, Inc. (NYSE:EME) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank lowered its position in shares of EMCOR Group, Inc. (NYSE:EME) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 129,700 shares of the construction company’s stock after selling 2,100 shares during the period. Swiss National Bank’s holdings in EMCOR Group were worth $47,941,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BankPlus Trust Department grew its position in shares of EMCOR Group by 200.0% during the first quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group during the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. acquired a new position in EMCOR Group during the 1st quarter worth $30,000. Continuum Advisory LLC boosted its position in EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock worth $38,000 after acquiring an additional 29 shares during the period. Finally, Dogwood Wealth Management LLC acquired a new position in EMCOR Group during the 4th quarter worth $40,000. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EME shares. William Blair started coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating for the company. TD Securities started coverage on EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They set an “outperform” rating and a $560.00 price target for the company. The Goldman Sachs Group boosted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a “sell” rating in a research report on Tuesday, July 8th. Finally, Baird R W upgraded EMCOR Group to a “strong-buy” rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Stock Up 0.1%

EME opened at $617.96 on Monday. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock’s fifty day moving average is $542.98 and its 200-day moving average is $460.06. The company has a market capitalization of $27.66 billion, a PE ratio of 25.64 and a beta of 1.27.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. EMCOR Group’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.25 earnings per share. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group’s payout ratio is presently 4.15%.

EMCOR Group Company 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.