EMCOR Group, Inc. (NYSE:EME) Shares Sold by City Center Advisors LLC

City Center Advisors LLC reduced its position in EMCOR Group, Inc. (NYSE:EMEFree Report) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 833 shares of the construction company’s stock after selling 148 shares during the quarter. City Center Advisors LLC’s holdings in EMCOR Group were worth $378,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in EMCOR Group by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,189 shares of the construction company’s stock valued at $5,248,000 after purchasing an additional 40 shares during the last quarter. Private Client Services LLC increased its stake in EMCOR Group by 35.8% in the fourth quarter. Private Client Services LLC now owns 3,253 shares of the construction company’s stock valued at $1,477,000 after purchasing an additional 857 shares during the period. Fulton Bank N.A. raised its holdings in shares of EMCOR Group by 2.6% in the fourth quarter. Fulton Bank N.A. now owns 2,493 shares of the construction company’s stock valued at $1,132,000 after buying an additional 64 shares during the last quarter. Diversified Trust Co boosted its stake in shares of EMCOR Group by 46.4% during the fourth quarter. Diversified Trust Co now owns 3,527 shares of the construction company’s stock worth $1,601,000 after buying an additional 1,118 shares during the period. Finally, Fortem Financial Group LLC grew its holdings in shares of EMCOR Group by 0.5% during the fourth quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock worth $3,167,000 after buying an additional 32 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 1.8 %

Shares of EME stock opened at $467.18 on Monday. The stock has a 50 day simple moving average of $487.69 and a 200-day simple moving average of $427.18. The company has a market cap of $21.49 billion, a price-to-earnings ratio of 23.73 and a beta of 1.12. EMCOR Group, Inc. has a 12-month low of $217.08 and a 12-month high of $532.38.

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

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 yield of 0.21%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on EME

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.

Further Reading

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

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