One Wealth Advisors LLC Has $427,000 Stake in EMCOR Group, Inc. (NYSE:EME)

One Wealth Advisors LLC reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 11.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 941 shares of the construction company’s stock after selling 124 shares during the period. One Wealth Advisors LLC’s holdings in EMCOR Group were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in EMCOR Group by 27.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 371 shares of the construction company’s stock worth $135,000 after acquiring an additional 81 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of EMCOR Group by 25.7% in the second quarter. Cetera Investment Advisers now owns 22,999 shares of the construction company’s stock worth $8,396,000 after purchasing an additional 4,697 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of EMCOR Group during the second quarter worth approximately $4,172,000. Anchor Investment Management LLC grew its position in EMCOR Group by 89.3% during the second 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 in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in EMCOR Group by 12.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,616 shares of the construction company’s stock valued at $5,432,000 after buying an additional 1,400 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

EMCOR Group stock opened at $448.52 on Monday. The business has a 50 day simple moving average of $483.05 and a 200 day simple moving average of $439.71. The company has a market capitalization of $20.63 billion, a PE ratio of 22.78 and a beta of 1.11. EMCOR Group, Inc. has a one year low of $226.99 and a one year high of $545.29.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.61 EPS. Equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analysts Set New Price Targets

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

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.