Centiva Capital LP Decreases Stock Position in EMCOR Group, Inc. (NYSE:EME)

Centiva Capital LP trimmed its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 37.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,979 shares of the construction company’s stock after selling 2,381 shares during the period. Centiva Capital LP’s holdings in EMCOR Group were worth $1,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EME. Cumberland Partners Ltd grew its stake in shares of EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after acquiring an additional 1,500 shares during the period. Cetera Advisors LLC grew its position in EMCOR Group by 165.3% in the 1st 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 during the period. Robeco Institutional Asset Management B.V. raised its stake in EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after buying an additional 34,553 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of EMCOR Group by 46.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company’s stock valued at $28,874,000 after buying an additional 21,385 shares during the period. Finally, Independent Advisor Alliance boosted its stake in shares of EMCOR Group by 25.0% in the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after buying an additional 1,049 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the topic of a number of recent research reports. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Up 0.9 %

EMCOR Group stock opened at $509.50 on Wednesday. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38. The firm has a market capitalization of $23.44 billion, a price-to-earnings ratio of 25.88 and a beta of 1.09. The firm has a 50 day moving average of $469.25 and a 200 day moving average of $409.43.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the company posted $3.61 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

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

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.