Edgestream Partners L.P. Acquires Shares of 7,791 EMCOR Group, Inc. (NYSE:EME)

Edgestream Partners L.P. acquired a new stake in EMCOR Group, Inc. (NYSE:EME) in the third quarter, Holdings Channel reports. The institutional investor acquired 7,791 shares of the construction company’s stock, valued at approximately $3,354,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EME. Atria Investments Inc increased its holdings in EMCOR Group by 28.1% in the first quarter. Atria Investments Inc now owns 6,565 shares of the construction company’s stock valued at $2,299,000 after buying an additional 1,441 shares in the last quarter. Burney Co. purchased a new position in EMCOR Group in the first quarter valued at $334,000. Cetera Investment Advisers increased its holdings in EMCOR Group by 109.9% in the first quarter. Cetera Investment Advisers now owns 18,302 shares of the construction company’s stock valued at $6,410,000 after buying an additional 9,584 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of EMCOR Group by 165.3% during the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after purchasing an additional 3,869 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of EMCOR Group by 43.5% during the second quarter. GAMMA Investing LLC now owns 343 shares of the construction company’s stock worth $125,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 0.4 %

Shares of NYSE EME opened at $510.12 on Monday. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38. The stock has a market cap of $23.47 billion, a PE ratio of 25.91 and a beta of 1.07. The company has a 50-day moving average of $466.32 and a 200 day moving average of $407.59.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.82. The company 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%. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.61 EPS. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s payout ratio is 5.08%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 target price for the company. 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus target price of $518.75.

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.