Strategic Advocates LLC Sells 334 Shares of EMCOR Group, Inc. (NYSE:EME)

Strategic Advocates LLC cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 14.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,950 shares of the construction company’s stock after selling 334 shares during the quarter. Strategic Advocates LLC’s holdings in EMCOR Group were worth $885,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Mackenzie Financial Corp increased its position in EMCOR Group by 80.1% during the 2nd quarter. Mackenzie Financial Corp now owns 5,389 shares of the construction company’s stock valued at $1,967,000 after purchasing an additional 2,396 shares during the period. Creative Planning increased its position in shares of EMCOR Group by 12.0% during the second quarter. Creative Planning now owns 9,435 shares of the construction company’s stock worth $3,445,000 after buying an additional 1,012 shares during the period. NewEdge Advisors LLC raised its stake in EMCOR Group by 28.0% during the second quarter. NewEdge Advisors LLC now owns 10,545 shares of the construction company’s stock worth $3,850,000 after buying an additional 2,306 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in EMCOR Group by 27.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 371 shares of the construction company’s stock valued at $135,000 after buying an additional 81 shares during the period. Finally, Cetera Investment Advisers boosted its position in EMCOR Group by 25.7% during the second quarter. Cetera Investment Advisers now owns 22,999 shares of the construction company’s stock valued at $8,396,000 after acquiring an additional 4,697 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

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

EMCOR Group Stock Up 2.3 %

NYSE EME opened at $449.31 on Friday. EMCOR Group, Inc. has a 52 week low of $226.99 and a 52 week high of $545.29. The business has a 50 day moving average price of $485.73 and a 200-day moving average price of $438.27. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 22.82 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the business posted $3.61 EPS. EMCOR Group’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s payout ratio is presently 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.