EMCOR Group, Inc. (NYSE:EME) Short Interest Update

EMCOR Group, Inc. (NYSE:EME) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 490,200 shares, an increase of 12.9% from the December 31st total of 434,000 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 377,200 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of EMCOR Group

A number of hedge funds and other institutional investors have recently made changes to their positions in EME. Koshinski Asset Management Inc. boosted its stake in EMCOR Group by 4.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock valued at $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 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after acquiring an additional 1,500 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock valued at $311,000 after acquiring an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of EMCOR Group by 173.0% during 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 purchasing an additional 34,553 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of EMCOR Group by 25.0% in the third 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 last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Price Performance

Shares of NYSE EME traded up $0.74 during trading on Monday, reaching $448.80. 634,857 shares of the stock traded hands, compared to its average volume of 511,878. The stock has a market capitalization of $20.64 billion, a P/E ratio of 22.79 and a beta of 1.11. EMCOR Group has a 52-week low of $229.75 and a 52-week high of $545.29. The company has a 50-day moving average of $483.05 and a 200-day moving average of $439.71.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm 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 was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $3.61 earnings per share. Analysts expect that EMCOR Group will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EME shares. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. The Goldman Sachs Group started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Finally, 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 target for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

About EMCOR Group

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.