EMCOR Group, Inc. (NYSE:EME) Short Interest Up 12.9% in January

EMCOR Group, Inc. (NYSE:EME) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 490,200 shares, a growth of 12.9% from the December 31st total of 434,000 shares. Based on an average trading volume of 377,200 shares, the short-interest ratio is presently 1.3 days. Currently, 1.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EME shares. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $518.75.

Institutional Investors Weigh In On EMCOR Group

Several large investors have recently added to or reduced their stakes in EME. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at about $33,000. Anchor Investment Management LLC grew its position in EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares during the period. True Wealth Design LLC raised its holdings in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the third quarter valued at about $49,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE:EME traded up $0.74 during midday trading on Monday, hitting $448.80. 635,199 shares of the stock were exchanged, compared to its average volume of 511,900. The business’s 50-day moving average price is $483.05 and its 200 day moving average price is $439.71. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 22.79 and a beta of 1.11. EMCOR Group has a 12 month low of $229.75 and a 12 month high of $545.29.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (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 for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the company earned $3.61 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, sell-side analysts expect that EMCOR Group will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend 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.