Nisa Investment Advisors LLC Has $12.63 Million Position in EMCOR Group, Inc. (NYSE:EME)

Nisa Investment Advisors LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,814 shares of the construction company’s stock after buying an additional 2,175 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of EMCOR Group worth $12,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC raised its holdings in shares of EMCOR Group by 183.8% in the second quarter. AE Wealth Management LLC now owns 1,629 shares of the construction company’s stock valued at $595,000 after purchasing an additional 1,055 shares during the last quarter. Bank of Montreal Can grew its position in EMCOR Group by 56.2% in the second quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock valued at $4,708,000 after purchasing an additional 4,380 shares in the last quarter. Xponance Inc. increased its stake in EMCOR Group by 28.9% in the 2nd quarter. Xponance Inc. now owns 9,048 shares of the construction company’s stock valued at $3,303,000 after buying an additional 2,026 shares during the last quarter. Marshall Wace LLP lifted its position in EMCOR Group by 97.4% during the 2nd quarter. Marshall Wace LLP now owns 42,310 shares of the construction company’s stock worth $15,447,000 after buying an additional 20,880 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of EMCOR Group during the 2nd quarter worth about $929,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on EME shares. Northcoast Research began coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price 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 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Down 0.8 %

NYSE:EME opened at $531.57 on Friday. EMCOR Group, Inc. has a 12-month low of $219.07 and a 12-month high of $545.29. The stock’s 50 day moving average price is $488.87 and its two-hundred day moving average price is $434.64. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

EMCOR Group Company 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.