EMCOR Group, Inc. (NYSE:EME) Holdings Cut by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 9,140 shares of the construction company’s stock after selling 215 shares during the quarter. EMCOR Group comprises approximately 1.2% of Uncommon Cents Investing LLC’s holdings, making the stock its 19th biggest position. Uncommon Cents Investing LLC’s holdings in EMCOR Group were worth $4,149,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EME. State Street Corp lifted its position in EMCOR Group by 1.5% in the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock valued at $694,351,000 after purchasing an additional 24,541 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EMCOR Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock worth $428,313,000 after purchasing an additional 49,137 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of EMCOR Group by 27.5% during the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock valued at $150,553,000 after purchasing an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of EMCOR Group by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after purchasing an additional 14,447 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in EMCOR Group by 11.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock worth $144,016,000 after purchasing an additional 34,226 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EME stock opened at $507.12 on Monday. The firm has a market cap of $23.33 billion, a PE ratio of 25.75 and a beta of 1.12. EMCOR Group, Inc. has a 12 month low of $217.22 and a 12 month high of $532.38. The firm has a 50 day simple moving average of $488.17 and a 200 day simple moving average of $431.82.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $3.61 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed 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 of this dividend is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s payout ratio is presently 5.08%.

Analyst Ratings Changes

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

About EMCOR Group

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.