Austin Private Wealth LLC Makes New $211,000 Investment in EMCOR Group, Inc. $EME

Austin Private Wealth LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 394 shares of the construction company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also bought and sold shares of EME. Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after acquiring an additional 521,147 shares during the period. New Vernon Capital Holdings II LLC acquired a new stake in EMCOR Group during the 1st quarter valued at approximately $114,220,000. Jones Financial Companies Lllp lifted its stake in EMCOR Group by 56,287.8% during the 1st quarter. Jones Financial Companies Lllp now owns 286,450 shares of the construction company’s stock valued at $105,881,000 after acquiring an additional 285,942 shares during the period. AQR Capital Management LLC lifted its stake in EMCOR Group by 43.6% during the 1st quarter. AQR Capital Management LLC now owns 703,456 shares of the construction company’s stock valued at $253,065,000 after acquiring an additional 213,631 shares during the period. Finally, Nuveen LLC acquired a new stake in EMCOR Group during the 1st quarter valued at approximately $71,821,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. The Goldman Sachs Group raised shares of EMCOR Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $495.00 to $676.00 in a research note on Tuesday, October 7th. Northcoast Research cut shares of EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price objective on the stock. in a research note on Thursday, August 7th. Finally, William Blair began coverage on shares of EMCOR Group in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, EMCOR Group presently has an average rating of “Moderate Buy” and an average target price of $654.83.

EMCOR Group Trading Up 3.3%

Shares of NYSE:EME opened at $776.12 on Thursday. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $778.64. The firm has a market capitalization of $34.74 billion, a price-to-earnings ratio of 32.20 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The business’s 50 day moving average price is $655.59 and its 200-day moving average price is $559.02.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the firm posted $5.25 EPS. The business’s revenue was up 17.4% on a year-over-year basis. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group’s dividend payout ratio (DPR) is 4.15%.

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.