Capital Fund Management S.A. decreased its holdings in Emcor Group Inc (NYSE:EME) by 23.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 78,100 shares of the construction company’s stock after selling 24,200 shares during the period. Capital Fund Management S.A. owned approximately 0.13% of Emcor Group worth $6,385,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its position in Emcor Group by 3.9% in the third quarter. Victory Capital Management Inc. now owns 2,202,317 shares of the construction company’s stock valued at $152,797,000 after acquiring an additional 82,349 shares in the last quarter. State Street Corp grew its position in shares of Emcor Group by 2.5% during the second quarter. State Street Corp now owns 2,059,368 shares of the construction company’s stock worth $134,642,000 after buying an additional 50,588 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. lifted its stake in Emcor Group by 1.7% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,441,346 shares of the construction company’s stock worth $100,001,000 after purchasing an additional 23,775 shares during the last quarter. Prudential Financial Inc. lifted its stake in Emcor Group by 19.8% during the third quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock worth $76,506,000 after purchasing an additional 182,340 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Emcor Group by 6.5% during the third quarter. Wells Fargo & Company MN now owns 1,068,029 shares of the construction company’s stock worth $74,100,000 after purchasing an additional 65,047 shares during the last quarter. Hedge funds and other institutional investors own 95.19% of the company’s stock.
A number of research firms have issued reports on EME. Zacks Investment Research cut Emcor Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus restated a “buy” rating and set a $88.00 price objective (up from $75.00) on shares of Emcor Group in a research note on Wednesday, November 1st. ValuEngine lowered Emcor Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of Emcor Group in a report on Friday, November 17th. Finally, DA Davidson reissued a “neutral” rating on shares of Emcor Group in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $88.50.
Emcor Group (NYSE:EME) last posted its earnings results on Thursday, February 22nd. The construction company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.27. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.94 billion. Emcor Group had a return on equity of 15.10% and a net margin of 2.96%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. sell-side analysts anticipate that Emcor Group Inc will post 4.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Tuesday, January 16th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.42%. The ex-dividend date was Friday, January 12th. Emcor Group’s dividend payout ratio is currently 8.38%.
In other news, Director William P. Reid sold 4,647 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $82.90, for a total transaction of $385,236.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.
Emcor Group 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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