EMCOR Group, Inc. (NYSE:EME) Holdings Lowered by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. decreased its stake in EMCOR Group, Inc. (NYSE:EME) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,627 shares of the construction company’s stock after selling 61 shares during the quarter. EMCOR Group accounts for about 1.5% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 22nd largest holding. Hanseatic Management Services Inc.’s holdings in EMCOR Group were worth $1,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Axxcess Wealth Management LLC increased its position in shares of EMCOR Group by 54.7% in the second quarter. Axxcess Wealth Management LLC now owns 1,380 shares of the construction company’s stock worth $504,000 after acquiring an additional 488 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in EMCOR Group by 53.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,844 shares of the construction company’s stock worth $673,000 after purchasing an additional 639 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in EMCOR Group by 9.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,886 shares of the construction company’s stock valued at $2,477,000 after purchasing an additional 620 shares during the period. Blair William & Co. IL raised its stake in EMCOR Group by 61.1% during the 2nd quarter. Blair William & Co. IL now owns 2,483 shares of the construction company’s stock valued at $907,000 after purchasing an additional 942 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of EMCOR Group by 634.6% in the second quarter. Hsbc Holdings PLC now owns 41,011 shares of the construction company’s stock valued at $15,037,000 after purchasing an additional 35,428 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $507.12 on Friday. The business has a 50 day simple moving average of $488.17 and a 200 day simple moving average of $431.39. EMCOR Group, Inc. has a 52 week low of $217.22 and a 52 week high of $532.38. The stock has a market cap of $23.33 billion, a price-to-earnings ratio of 25.75 and a beta of 1.12.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.61 earnings per share. On average, analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.20%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

Analyst Ratings Changes

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