Private Advisor Group LLC Has $425,000 Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Private Advisor Group LLC trimmed its position in EMCOR Group, Inc. (NYSE:EME) by 18.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 988 shares of the construction company’s stock after selling 226 shares during the period. Private Advisor Group LLC’s holdings in EMCOR Group were worth $425,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Burgundy Asset Management Ltd. increased its stake in EMCOR Group by 1.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 691,381 shares of the construction company’s stock worth $242,122,000 after purchasing an additional 11,479 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company’s stock worth $192,028,000 after acquiring an additional 134,575 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after acquiring an additional 88,909 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of EMCOR Group by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock worth $152,427,000 after acquiring an additional 14,447 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock worth $85,246,000 after acquiring an additional 116,300 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 3.1 %

NYSE EME opened at $476.01 on Wednesday. The company has a market cap of $22.21 billion, a PE ratio of 24.18 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $206.37 and a 12 month high of $476.50. The stock has a 50 day moving average of $422.24 and a 200-day moving average of $389.03.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

EME has been the subject of several research reports. DA Davidson raised their price target 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. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group 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.