Burney Co. Purchases 7,605 Shares of EMCOR Group, Inc. (NYSE:EME)

Burney Co. boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 104.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,867 shares of the construction company’s stock after acquiring an additional 7,605 shares during the period. Burney Co.’s holdings in EMCOR Group were worth $6,748,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EME. Cumberland Partners Ltd lifted its holdings in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after buying an additional 1,500 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of 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 acquiring an additional 34,553 shares during the period. Independent Advisor Alliance grew its holdings in shares of EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after purchasing an additional 1,049 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of EMCOR Group by 46.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company’s stock valued at $28,874,000 after purchasing an additional 21,385 shares during the period. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of EMCOR Group in the third quarter valued at $8,352,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Up 1.5 %

NYSE:EME opened at $500.22 on Wednesday. The firm has a market cap of $23.01 billion, a PE ratio of 25.40 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. The company’s 50-day moving average price is $488.17 and its two-hundred day moving average price is $428.77.

EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the company earned $3.61 EPS. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts expect 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 will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is 5.08%.

Wall Street Analyst Weigh In

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

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.