2,220 EMCOR Group, Inc. $EME Shares Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 116.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,128 shares of the construction company’s stock after purchasing an additional 2,220 shares during the period. Machina Capital S.A.S.’s holdings in EMCOR Group were worth $3,115,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mascoma Wealth Management LLC purchased a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $26,000. Ascentis Independent Advisors bought a new position in EMCOR Group during the 1st quarter valued at approximately $27,000. NBH Bank bought a new position in EMCOR Group during the 2nd quarter valued at approximately $27,000. GK Wealth Management LLC bought a new position in EMCOR Group during the 3rd quarter valued at approximately $31,000. Finally, Basecamp Wealth Advisors LLC raised its stake in EMCOR Group by 4,700.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after buying an additional 47 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EME shares. DA Davidson set a $1,047.00 target price on EMCOR Group in a report on Monday, August 10th. Zacks Research cut EMCOR Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. JPMorgan Chase & Co. assumed coverage on EMCOR Group in a report on Tuesday. They set a “neutral” rating and a $700.00 price target for the company. Oppenheimer lowered their price target on EMCOR Group from $1,200.00 to $1,000.00 and set an “outperform” rating for the company in a research report on Monday, November 2nd. Finally, Cantor Fitzgerald lowered their price target on EMCOR Group from $1,047.00 to $920.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $902.88.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $666.66 on Thursday. The firm’s 50 day moving average price is $725.87 and its 200-day moving average price is $777.99. EMCOR Group, Inc. has a 52-week low of $564.92 and a 52-week high of $951.96. The company has a market cap of $29.19 billion, a PE ratio of 19.26 and a beta of 1.16.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $9.60 earnings per share for the quarter, beating the consensus estimate of $8.37 by $1.23. The company had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.19 billion. EMCOR Group had a net margin of 7.78% and a return on equity of 36.65%. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $6.57 earnings per share. On average, analysts forecast that EMCOR Group, Inc. will post 34.79 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.62%.

EMCOR Group announced that its board has approved a share buyback program on Thursday, October 29th that allows the company to repurchase $500 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 1.7% of its stock through open market purchases. Share repurchase programs are often a sign that the company’s management believes its stock is undervalued.

EMCOR Group Company Profile

EMCOR Group is a provider of mechanical and electrical construction and facilities services. Through its operating companies, it designs, installs, maintains and upgrades building systems and related infrastructure for commercial, industrial, institutional and government customers. Its services include heating, ventilation and air conditioning; electrical and power systems; plumbing and piping; building automation; energy infrastructure; and ongoing facilities management. The company also provides industrial services, such as maintenance and support for process and manufacturing facilities.