Atria Investments Inc lessened its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 37.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,314 shares of the construction company's stock after selling 4,945 shares during the period. Atria Investments Inc's holdings in EMCOR Group were worth $3,774,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in EMCOR Group by 6.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,844 shares of the construction company's stock valued at $3,377,000 after purchasing an additional 508 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group during the third quarter valued at about $62,000. Van ECK Associates Corp increased its position in shares of EMCOR Group by 11.0% during the third quarter. Van ECK Associates Corp now owns 9,401 shares of the construction company's stock worth $4,189,000 after acquiring an additional 932 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of EMCOR Group by 63.4% in the 3rd quarter. QRG Capital Management Inc. now owns 2,947 shares of the construction company's stock worth $1,269,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Forte Capital LLC ADV lifted its position in EMCOR Group by 23.3% in the 3rd quarter. Forte Capital LLC ADV now owns 1,095 shares of the construction company's stock valued at $471,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 92.59% of the company's stock.
Shares of NYSE:EME traded up $1.23 during midday trading on Friday, reaching $376.10. The company had a trading volume of 583,566 shares, compared to its average volume of 526,317. The stock has a market cap of $17.10 billion, a P/E ratio of 19.10 and a beta of 1.14. The company's 50 day moving average price is $450.59 and its 200 day moving average price is $449.18. EMCOR Group, Inc. has a 52-week low of $313.48 and a 52-week high of $545.29.
EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.81 billion. Research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.
EMCOR Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group's dividend payout ratio is presently 4.64%.
EME has been the subject of a number of analyst reports. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Nicolaus decreased their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $497.25.
View Our Latest Stock Analysis on EME
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.
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