US Bancorp DE cut its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,232 shares of the construction company’s stock after selling 412 shares during the period. US Bancorp DE’s holdings in EMCOR Group were worth $3,923,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Zions Bancorporation N.A. acquired a new position in EMCOR Group during the 1st quarter worth $26,000. Parkside Financial Bank & Trust lifted its holdings in EMCOR Group by 66.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock worth $28,000 after buying an additional 100 shares in the last quarter. National Bank of Canada FI acquired a new position in EMCOR Group during the 2nd quarter worth $32,000. Brown Brothers Harriman & Co. acquired a new position in EMCOR Group during the 1st quarter worth $35,000. Finally, Global Retirement Partners LLC lifted its holdings in EMCOR Group by 471.0% during the 1st quarter. Global Retirement Partners LLC now owns 354 shares of the construction company’s stock worth $59,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 92.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on EMCOR Group in a report on Thursday, October 5th. They set a “strong-buy” rating on the stock.
EMCOR Group Stock Performance
EME stock opened at $213.64 on Tuesday. The business’s fifty day moving average is $207.90 and its 200-day moving average is $197.42. The company has a quick ratio of 1.22, a current ratio of 1.26 and a debt-to-equity ratio of 0.04. The company has a market cap of $10.05 billion, a P/E ratio of 18.63 and a beta of 1.12. EMCOR Group, Inc. has a twelve month low of $141.89 and a twelve month high of $227.49.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.90. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.15 billion. EMCOR Group had a return on equity of 26.05% and a net margin of 4.53%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. Equities research analysts forecast that EMCOR Group, Inc. will post 12.42 EPS for the current year.
EMCOR Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Monday, October 16th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, October 13th. EMCOR Group’s payout ratio is presently 6.28%.
EMCOR Group Company Profile
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; 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.
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