Ausbil Investment Management Ltd Cuts Stock Position in EMCOR Group, Inc. (NYSE:EME)

Ausbil Investment Management Ltd lowered its holdings in EMCOR Group, Inc. (NYSE:EME) by 31.7% during the 4th quarter, Holdings Channel reports. The firm owned 6,601 shares of the construction company’s stock after selling 3,068 shares during the period. EMCOR Group makes up about 1.9% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 24th largest holding. Ausbil Investment Management Ltd’s holdings in EMCOR Group were worth $3,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group during the 3rd quarter valued at $33,000. Anchor Investment Management LLC lifted its position in shares of EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after buying an additional 50 shares during the last quarter. True Wealth Design LLC lifted its position in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of EMCOR Group during the 3rd quarter valued at $49,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent research reports. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 27th. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

NYSE:EME opened at $448.52 on Friday. EMCOR Group, Inc. has a 52-week low of $226.99 and a 52-week high of $545.29. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 22.78 and a beta of 1.12. The business’s fifty day moving average is $483.05 and its 200 day moving average is $438.82.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for 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 quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 EPS. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. 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.