EMCOR Group, Inc. (NYSE:EME) Stake Reduced by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 56,732 shares of the construction company’s stock after selling 709 shares during the quarter. EMCOR Group makes up about 1.5% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 25th largest holding. GW Henssler & Associates Ltd.’s holdings in EMCOR Group were worth $24,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EME. World Investment Advisors LLC bought a new position in shares of EMCOR Group in the third quarter valued at approximately $100,282,000. Nordea Investment Management AB lifted its stake in EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock valued at $65,036,000 after buying an additional 136,501 shares in the last quarter. Swedbank AB raised its holdings in shares of EMCOR Group by 399.4% during the fourth quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock valued at $69,648,000 after acquiring an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in EMCOR Group by 45.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after purchasing an additional 88,074 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of EMCOR Group during the third quarter valued at $31,140,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

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

EMCOR Group Trading Down 0.0 %

NYSE EME opened at $448.52 on Monday. The company has a market capitalization of $20.63 billion, a PE ratio of 22.78 and a beta of 1.12. The stock has a 50-day simple moving average of $483.05 and a 200 day simple moving average of $439.71. EMCOR Group, Inc. has a 12 month low of $226.99 and a 12 month high of $545.29.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was 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.