Kathmere Capital Management LLC lifted its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 990 shares of the construction company’s stock after purchasing an additional 47 shares during the period. Kathmere Capital Management LLC’s holdings in EMCOR Group were worth $449,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in EME. Cumberland Partners Ltd raised its stake in 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 buying an additional 1,500 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of EMCOR Group by 173.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after purchasing an additional 34,553 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of EMCOR Group by 25.0% during the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after purchasing an additional 1,049 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of EMCOR Group by 46.8% during the third 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 purchasing an additional 21,385 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new stake in shares of EMCOR Group in the 3rd quarter worth approximately $8,352,000. Institutional investors own 92.59% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on EME. Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $518.75.
EMCOR Group Price Performance
Shares of EME stock opened at $502.75 on Thursday. The company has a market cap of $23.13 billion, a price-to-earnings ratio of 25.53 and a beta of 1.12. EMCOR Group, Inc. has a 1 year low of $217.08 and a 1 year high of $532.38. The firm has a fifty day moving average price of $488.17 and a 200-day moving average price of $429.28.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping 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 period in the prior year, the company posted $3.61 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.
EMCOR Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.
EMCOR Group Company 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.
Featured Articles
- Five stocks we like better than EMCOR Group
- Bank Stocks – Best Bank Stocks to Invest In
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- Top Stocks Investing in 5G Technology
- How Do Stock Buybacks Affect Shareholders?
- What is the S&P 500 and How It is Distinct from Other Indexes
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.