Steward Partners Investment Advisory LLC raised its holdings in Emcor Group Inc (NYSE:EME) by 1,138.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 805 shares of the construction company’s stock after buying an additional 740 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Emcor Group were worth $69,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Emcor Group by 22.5% during the 2nd quarter. Invesco Ltd. now owns 102,405 shares of the construction company’s stock worth $9,022,000 after acquiring an additional 18,835 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Emcor Group during the 2nd quarter worth about $123,000. UBS Asset Management Americas Inc. lifted its stake in Emcor Group by 37.4% during the second quarter. UBS Asset Management Americas Inc. now owns 312,450 shares of the construction company’s stock worth $27,527,000 after purchasing an additional 85,093 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Emcor Group by 3.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 34,458 shares of the construction company’s stock worth $3,036,000 after purchasing an additional 1,031 shares during the last quarter. Finally, Natixis acquired a new position in Emcor Group in the second quarter valued at approximately $218,000. 91.50% of the stock is owned by institutional investors.

In related news, CEO Anthony Guzzi sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $89.04, for a total transaction of $445,200.00. Following the transaction, the chief executive officer now owns 354,146 shares in the company, valued at approximately $31,533,159.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Several equities analysts have commented on EME shares. DA Davidson increased their price target on shares of Emcor Group to $107.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. ValuEngine downgraded shares of Emcor Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, Maxim Group restated a “hold” rating and set a $95.00 price objective on shares of Emcor Group in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Emcor Group presently has a consensus rating of “Buy” and an average target price of $98.50.

NYSE EME opened at $85.35 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.43 and a quick ratio of 1.40. Emcor Group Inc has a 1 year low of $62.87 and a 1 year high of $93.54. The company has a market capitalization of $4.84 billion, a PE ratio of 15.40 and a beta of 1.09. The company has a fifty day moving average of $86.96 and a two-hundred day moving average of $86.47.

Emcor Group (NYSE:EME) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.04. Emcor Group had a return on equity of 17.11% and a net margin of 3.51%. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts expect that Emcor Group Inc will post 5.72 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.08 dividend. The ex-dividend date is Thursday, January 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.37%. Emcor Group’s dividend payout ratio (DPR) is presently 6.52%.

Emcor Group Profile

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.

See Also: Diluted Earnings Per Share

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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