Hennessy Advisors Inc. Sells 154,400 Shares of EMCOR Group, Inc. (NYSE:EME)

Hennessy Advisors Inc. decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 84.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,500 shares of the construction company’s stock after selling 154,400 shares during the period. Hennessy Advisors Inc.’s holdings in EMCOR Group were worth $12,936,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EME. World Investment Advisors LLC acquired a new position in shares of EMCOR Group during the third quarter worth $100,282,000. Nordea Investment Management AB increased its holdings in EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares in the last quarter. AQR Capital Management LLC increased its holdings in EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after purchasing an additional 88,909 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after purchasing an additional 88,074 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in EMCOR Group during the 3rd quarter valued at approximately $31,140,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.8 %

NYSE:EME opened at $511.21 on Friday. The firm has a fifty day simple moving average of $488.31 and a two-hundred day simple moving average of $429.85. EMCOR Group, Inc. has a 12 month low of $217.22 and a 12 month high of $532.38. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 25.96 and a beta of 1.12.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is 5.08%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EME shares. 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 target on the stock. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Northcoast Research initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and a consensus 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.