Banque Cantonale Vaudoise Invests $1.05 Million in EMCOR Group, Inc. (NYSE:EME)

Banque Cantonale Vaudoise purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,431 shares of the construction company’s stock, valued at approximately $1,047,000.

Several other institutional investors also recently modified their holdings of the business. Caprock Group LLC grew its position in shares of EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after buying an additional 22 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in EMCOR Group by 3.8% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock worth $357,000 after acquiring an additional 30 shares during the last quarter. Mount Lucas Management LP boosted its stake in EMCOR Group by 2.5% during the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after acquiring an additional 34 shares during the last quarter. CIBC Asset Management Inc boosted its stake in EMCOR Group by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock worth $587,000 after acquiring an additional 43 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in EMCOR Group by 0.8% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,773 shares of the construction company’s stock worth $2,486,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 0.4 %

Shares of EME stock opened at $515.82 on Thursday. The company’s fifty day simple moving average is $449.43 and its 200-day simple moving average is $400.01. The firm has a market cap of $23.73 billion, a PE ratio of 26.20 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31.

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. On average, equities analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EME. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th.

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.