World Investment Advisors LLC Makes New $100.28 Million Investment in EMCOR Group, Inc. (NYSE:EME)

World Investment Advisors LLC purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME) 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) 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.