Daiwa Securities Group Inc. Increases Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Daiwa Securities Group Inc. raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 24.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,040 shares of the construction company’s stock after purchasing an additional 5,070 shares during the quarter. Daiwa Securities Group Inc. owned 0.06% of EMCOR Group worth $11,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pekin Hardy Strauss Inc. bought a new stake in EMCOR Group during the third quarter valued at approximately $398,000. Swedbank AB boosted its stake in shares of EMCOR Group by 27.7% during the 3rd quarter. Swedbank AB now owns 30,727 shares of the construction company’s stock worth $13,229,000 after acquiring an additional 6,664 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of EMCOR Group by 2,088.9% during the 3rd quarter. Penserra Capital Management LLC now owns 4,728 shares of the construction company’s stock valued at $2,034,000 after acquiring an additional 4,512 shares during the period. Algert Global LLC increased its stake in shares of EMCOR Group by 848.0% in the 3rd quarter. Algert Global LLC now owns 11,585 shares of the construction company’s stock worth $4,988,000 after purchasing an additional 10,363 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in EMCOR Group by 142.1% in the 3rd quarter. Cerity Partners LLC now owns 12,641 shares of the construction company’s stock worth $5,442,000 after purchasing an additional 7,419 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Northcoast Research started coverage on EMCOR Group in a report on Friday. They set a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday. They issued 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 report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 4.2 %

NYSE EME opened at $504.92 on Monday. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $532.38. The business has a 50-day moving average price of $457.00 and a 200-day moving average price of $402.81. The firm has a market cap of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07.

EMCOR Group (NYSE:EME) 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. Research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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%.

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.