Hantz Financial Services Inc. Sells 1,887 Shares of EMCOR Group, Inc. (NYSE:EME)

Hantz Financial Services Inc. lessened its holdings in EMCOR Group, Inc. (NYSE:EME) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,809 shares of the construction company’s stock after selling 1,887 shares during the quarter. Hantz Financial Services Inc. owned 0.06% of EMCOR Group worth $13,530,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of EMCOR Group by 1.5% during the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company’s stock worth $694,351,000 after purchasing an additional 24,541 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EMCOR Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company’s stock valued at $428,313,000 after purchasing an additional 49,137 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of EMCOR Group by 4.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after purchasing an additional 14,447 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of EMCOR Group by 11.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock worth $144,016,000 after buying an additional 34,226 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in EMCOR Group by 45.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after acquiring an additional 88,074 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.8 %

EME stock opened at $437.65 on Wednesday. The firm has a 50-day moving average price of $487.24 and a 200-day moving average price of $438.26. The stock has a market capitalization of $20.13 billion, a P/E ratio of 22.23 and a beta of 1.12. EMCOR Group, Inc. has a 12 month low of $220.62 and a 12 month high of $545.29.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The business 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%. EMCOR Group’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.61 EPS. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued 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 yield of 0.23%. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EME shares. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. Stifel Nicolaus assumed 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. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

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.