Diversified Trust Co Has $1.04 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Diversified Trust Co cut its holdings in EMCOR Group, Inc. (NYSE:EME) by 47.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,409 shares of the construction company’s stock after selling 2,170 shares during the period. Diversified Trust Co’s holdings in EMCOR Group were worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of EMCOR Group by 33.8% in the third quarter. GAMMA Investing LLC now owns 459 shares of the construction company’s stock valued at $198,000 after purchasing an additional 116 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of EMCOR Group by 12.5% in the third quarter. Handelsbanken Fonder AB now owns 12,616 shares of the construction company’s stock valued at $5,432,000 after purchasing an additional 1,400 shares during the last quarter. Private Client Services LLC raised its holdings in shares of EMCOR Group by 6.1% in the third quarter. Private Client Services LLC now owns 2,396 shares of the construction company’s stock valued at $1,032,000 after purchasing an additional 138 shares during the last quarter. Anchor Investment Management LLC raised its holdings in shares of EMCOR Group by 89.3% in 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 during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of EMCOR Group by 4,451.6% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 26,900 shares of the construction company’s stock valued at $9,821,000 after purchasing an additional 26,309 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EME shares. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total value of $482,027.00. Following the transaction, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.26% of the company’s stock.

EMCOR Group Trading Down 0.1 %

Shares of EME opened at $439.76 on Wednesday. The company has a market cap of $20.67 billion, a price-to-earnings ratio of 29.01 and a beta of 1.07. EMCOR Group, Inc. has a 1-year low of $191.50 and a 1-year high of $445.65. The company’s fifty day simple moving average is $388.92 and its 200 day simple moving average is $375.36.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the company earned $2.95 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, research analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group’s dividend payout ratio is currently 6.60%.

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.