Empirical Financial Services LLC d.b.a. Empirical Wealth Management Raises Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,067 shares of the construction company’s stock after buying an additional 255 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in EMCOR Group were worth $2,300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Koshinski Asset Management Inc. raised its holdings in shares of EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after buying an additional 26 shares during the period. Cumberland Partners Ltd raised its holdings 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 buying an additional 1,500 shares during the period. Wolff Wiese Magana LLC raised its holdings in shares of EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after buying an additional 667 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the period. Finally, Independent Advisor Alliance increased its holdings in EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after purchasing an additional 1,049 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 19.2 %

Shares of NYSE:EME opened at $429.70 on Tuesday. EMCOR Group, Inc. has a 12-month low of $220.62 and a 12-month high of $545.29. The business’s fifty day simple moving average is $490.19 and its 200-day simple moving average is $437.44. The company has a market capitalization of $19.77 billion, a PE ratio of 21.82 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the business posted $3.61 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. Research 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 will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EME. The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Stifel Nicolaus began coverage on EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

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.