EMCOR Group, Inc. (NYSE:EME) Position Decreased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,635 shares of the construction company’s stock after selling 214 shares during the period. Gulf International Bank UK Ltd’s holdings in EMCOR Group were worth $1,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Montag A & Associates Inc. acquired a new position in shares of EMCOR Group in the first quarter worth about $1,772,000. Cetera Advisors LLC boosted its holdings in shares of EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after buying an additional 3,869 shares during the period. Sei Investments Co. boosted its holdings in shares of EMCOR Group by 3.8% in the first quarter. Sei Investments Co. now owns 128,492 shares of the construction company’s stock worth $44,996,000 after buying an additional 4,647 shares during the period. HBK Sorce Advisory LLC acquired a new position in shares of EMCOR Group in the first quarter worth about $209,000. Finally, Robeco Institutional Asset Management B.V. boosted 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. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DA Davidson raised their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Price Performance

NYSE EME opened at $504.48 on Friday. The company has a 50 day simple moving average of $427.08 and a 200-day simple moving average of $390.62. The firm has a market capitalization of $23.21 billion, a price-to-earnings ratio of 25.62 and a beta of 1.07. EMCOR Group, Inc. has a 52-week low of $207.31 and a 52-week high of $509.46.

EMCOR Group (NYSE:EME) last posted 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 business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.61 earnings per share. On average, analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s payout ratio is presently 5.08%.

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.