Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 255 Shares of EMCOR Group, Inc. (NYSE:EME)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,067 shares of the construction company’s stock after purchasing an additional 255 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in EMCOR Group were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EME. Adirondack Trust Co. boosted its stake in shares of EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock worth $191,000 after acquiring an additional 20 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock worth $521,000 after acquiring an additional 21 shares during the period. Caprock Group LLC boosted its stake in shares of EMCOR Group by 0.4% in the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after acquiring an additional 25 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake 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 worth $298,000 after acquiring an additional 26 shares during the period. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EME has been the subject of a number of recent analyst reports. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Trading Down 19.2 %

Shares of EMCOR Group stock opened at $429.70 on Tuesday. The firm has a market cap of $19.77 billion, a PE ratio of 21.82 and a beta of 1.12. EMCOR Group, Inc. has a 12 month low of $220.62 and a 12 month high of $545.29. The stock has a 50 day moving average of $490.19 and a 200 day moving average of $437.44.

EMCOR Group (NYSE:EME) last posted 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the company earned $3.61 EPS. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share 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. Stockholders of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s payout ratio is 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.