Rothschild Asset Management Inc. raised its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,491 shares of the construction company’s stock after buying an additional 19,559 shares during the period. Rothschild Asset Management Inc. owned 1.07% of EMCOR Group worth $41,287,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in EMCOR Group by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 498,945 shares of the construction company’s stock valued at $35,305,000 after buying an additional 5,300 shares during the period. Highbridge Capital Management LLC acquired a new position in EMCOR Group during the fourth quarter valued at approximately $875,000. Foundry Partners LLC raised its position in EMCOR Group by 3.4% in the first quarter. Foundry Partners LLC now owns 174,853 shares of the construction company’s stock valued at $11,007,000 after buying an additional 5,780 shares during the period. Bank of Montreal Can raised its position in EMCOR Group by 4.4% in the first quarter. Bank of Montreal Can now owns 55,840 shares of the construction company’s stock valued at $3,516,000 after buying an additional 2,373 shares during the period. Finally, Capstone Asset Management Co. raised its position in EMCOR Group by 7.1% in the first quarter. Capstone Asset Management Co. now owns 4,352 shares of the construction company’s stock valued at $274,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 94.16% of the company’s stock.
EMCOR Group, Inc. (EME) opened at 67.47 on Thursday. EMCOR Group, Inc. has a 52-week low of $54.89 and a 52-week high of $73.44. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 20.22 and a beta of 0.89. The firm’s 50-day moving average is $65.70 and its 200 day moving average is $65.16.
EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.15. EMCOR Group had a net margin of 2.63% and a return on equity of 13.19%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. EMCOR Group’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts predict that EMCOR Group, Inc. will post $3.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Monday, July 17th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, July 13th. EMCOR Group’s dividend payout ratio is currently 9.61%.
Several equities analysts have commented on EME shares. Zacks Investment Research upgraded shares of EMCOR Group from a “sell” rating to a “hold” rating and set a $74.00 price objective for the company in a research report on Wednesday, April 26th. BidaskClub lowered shares of EMCOR Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. EMCOR Group presently has a consensus rating of “Hold” and a consensus price target of $69.75.
EMCOR Group Company Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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