City Center Advisors LLC Reduces Stake in EMCOR Group, Inc. (NYSE:EME)

City Center Advisors LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME) by 15.1% during the fourth quarter, Holdings Channel reports. The firm owned 833 shares of the construction company’s stock after selling 148 shares during the quarter. City Center Advisors LLC’s holdings in EMCOR Group were worth $378,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Caprock Group LLC boosted its position in shares of EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after buying an additional 22 shares in the last quarter. First Horizon Advisors Inc. raised its position in EMCOR Group by 13.0% during the third quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after acquiring an additional 27 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of EMCOR Group by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock valued at $357,000 after purchasing an additional 30 shares in the last quarter. Fortem Financial Group LLC grew its position in shares of EMCOR Group by 0.5% in the fourth quarter. Fortem Financial Group LLC now owns 6,978 shares of the construction company’s stock valued at $3,167,000 after purchasing an additional 32 shares during the last quarter. Finally, Mount Lucas Management LP increased its stake in shares of EMCOR Group by 2.5% during the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

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

EMCOR Group Stock Down 1.8 %

Shares of EMCOR Group stock opened at $467.18 on Monday. The firm has a market cap of $21.49 billion, a PE ratio of 23.73 and a beta of 1.12. EMCOR Group, Inc. has a fifty-two week low of $217.08 and a fifty-two week high of $532.38. The business’s fifty day moving average is $487.69 and its two-hundred day moving average is $427.18.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results 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. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company earned $3.61 EPS. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is 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.