Eagle Bay Advisors LLC Has $116,000 Position in EMCOR Group, Inc. (NYSE:EME)

Eagle Bay Advisors LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 33.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255 shares of the construction company’s stock after selling 126 shares during the period. Eagle Bay Advisors LLC’s holdings in EMCOR Group were worth $116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of EMCOR Group by 0.3% during the fourth 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 period. Private Client Services LLC increased its holdings in EMCOR Group by 35.8% in the 4th quarter. Private Client Services LLC now owns 3,253 shares of the construction company’s stock valued at $1,477,000 after buying an additional 857 shares during the period. Fulton Bank N.A. increased its holdings in EMCOR Group by 2.6% in the 4th 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 period. Diversified Trust Co raised its stake in shares of EMCOR Group by 46.4% in the 4th quarter. Diversified Trust Co now owns 3,527 shares of the construction company’s stock valued at $1,601,000 after buying an additional 1,118 shares in the last quarter. Finally, Fortem Financial Group LLC lifted its holdings in shares of EMCOR Group by 0.5% during the 4th quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock worth $3,167,000 after acquiring an additional 32 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

EMCOR Group Trading Up 0.1 %

NYSE:EME opened at $467.59 on Tuesday. The stock has a market capitalization of $21.51 billion, a P/E ratio of 23.75 and a beta of 1.12. EMCOR Group, Inc. has a 1 year low of $217.08 and a 1 year high of $532.38. The firm has a 50 day moving average of $487.81 and a 200-day moving average of $427.86.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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%.

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.