EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Private Client Services LLC

Private Client Services LLC increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 35.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,253 shares of the construction company’s stock after buying an additional 857 shares during the quarter. Private Client Services LLC’s holdings in EMCOR Group were worth $1,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. ORG Wealth Partners LLC acquired a new position in shares of EMCOR Group during the 3rd quarter valued at about $33,000. Anchor Investment Management LLC grew its stake in shares of EMCOR Group by 89.3% in 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 period. True Wealth Design LLC increased its holdings 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 worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC acquired a new position in EMCOR Group in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME traded up $3.48 during mid-day trading on Wednesday, hitting $473.66. 161,062 shares of the company’s stock were exchanged, compared to its average volume of 350,477. The stock’s 50-day moving average is $485.97 and its 200-day moving average is $425.14. EMCOR Group, Inc. has a fifty-two week low of $211.10 and a fifty-two week high of $532.38. The company has a market cap of $21.79 billion, a price-to-earnings ratio of 24.06 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its quarterly 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 net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company posted $3.61 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders 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 yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Analyst Ratings Changes

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

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.