Boston Advisors LLC decreased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,036 shares of the construction company’s stock after selling 4,490 shares during the period. Boston Advisors LLC owned about 0.13% of EMCOR Group worth $5,206,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Amalgamated Bank lifted its position in shares of EMCOR Group by 0.4% during the second quarter. Amalgamated Bank now owns 8,517 shares of the construction company’s stock worth $557,000 after purchasing an additional 38 shares during the last quarter. Ronald Blue & Co. LLC lifted its position in shares of EMCOR Group by 1.3% during the second quarter. Ronald Blue & Co. LLC now owns 3,718 shares of the construction company’s stock worth $243,000 after purchasing an additional 47 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of EMCOR Group by 4.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,897 shares of the construction company’s stock worth $124,000 after purchasing an additional 76 shares during the last quarter. Stifel Financial Corp lifted its position in shares of EMCOR Group by 0.4% during the second quarter. Stifel Financial Corp now owns 20,550 shares of the construction company’s stock worth $1,344,000 after purchasing an additional 77 shares during the last quarter. Finally, Sit Investment Associates Inc. lifted its holdings in EMCOR Group by 0.3% in the second quarter. Sit Investment Associates Inc. now owns 37,525 shares of the construction company’s stock worth $2,453,000 after acquiring an additional 100 shares during the last quarter. 92.90% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on EME. Stifel Nicolaus reissued a “buy” rating on shares of EMCOR Group in a report on Thursday. Zacks Investment Research cut shares of EMCOR Group from a “hold” rating to a “sell” rating in a report on Wednesday. KeyCorp reissued a “hold” rating on shares of EMCOR Group in a report on Friday, August 25th. Finally, BidaskClub cut shares of EMCOR Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $72.33.
EMCOR Group, Inc. (EME) opened at 79.38 on Friday. The company has a market cap of $4.70 billion, a PE ratio of 23.79 and a beta of 0.89. The firm has a 50-day moving average of $69.69 and a 200-day moving average of $66.18. EMCOR Group, Inc. has a one year low of $59.20 and a one year high of $80.64.
EMCOR Group (NYSE:EME) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.27. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.93 billion. EMCOR Group had a net margin of 2.82% and a return on equity of 13.94%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts predict that EMCOR Group, Inc. will post $3.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Tuesday, October 17th will be given a $0.08 dividend. The ex-dividend date is Monday, October 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.40%. EMCOR Group’s dividend payout ratio (DPR) is presently 8.94%.
EMCOR Group declared that its board has approved a share buyback plan on Thursday, October 26th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
EMCOR Group Profile
EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.
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