World Investment Advisors LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 232,928 shares of the construction company’s stock, valued at approximately $100,282,000. EMCOR Group accounts for 0.6% of World Investment Advisors LLC’s holdings, making the stock its 28th largest position. World Investment Advisors LLC owned about 0.51% of EMCOR Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Caprock Group LLC raised its holdings in EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock valued at $2,513,000 after buying an additional 22 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of EMCOR Group by 13.0% in the third quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock valued at $101,000 after acquiring an additional 27 shares during the period. Cassaday & Co Wealth Management LLC increased its position in shares of EMCOR Group by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock valued at $357,000 after acquiring an additional 30 shares during the period. Mount Lucas Management LP raised its stake in shares of EMCOR Group by 2.5% during the third quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock valued at $598,000 after acquiring an additional 34 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock worth $587,000 after purchasing an additional 43 shares during the period. 92.59% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on EME. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $518.75.
EMCOR Group Trading Down 0.8 %
EMCOR Group stock opened at $509.33 on Friday. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38. The stock has a fifty day simple moving average of $474.16 and a two-hundred day simple moving average of $411.75. The firm has a market cap of $23.43 billion, a price-to-earnings ratio of 25.87 and a beta of 1.09.
EMCOR Group (NYSE:EME – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the business posted $3.61 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.
EMCOR Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.
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.
Recommended Stories
- Five stocks we like better than EMCOR Group
- Stock Sentiment Analysis: How it Works
- Fast-Growing Companies That Are Still Undervalued
- The Risks of Owning Bonds
- Top Cybersecurity Stock Picks for 2025
- Compound Interest and Why It Matters When Investing
- Archer or Joby: Which Aviation Company Might Rise Fastest?
Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME – Free Report).
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.