Vident Investment Advisory LLC reduced its position in Emcor Group Inc (NYSE:EME) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,469 shares of the construction company’s stock after selling 3,610 shares during the period. Vident Investment Advisory LLC’s holdings in Emcor Group were worth $1,486,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. BDO Wealth Advisors LLC grew its holdings in Emcor Group by 988.9% during the 1st quarter. BDO Wealth Advisors LLC now owns 490 shares of the construction company’s stock valued at $30,000 after buying an additional 445 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Emcor Group by 394.7% in the first quarter. Parallel Advisors LLC now owns 658 shares of the construction company’s stock valued at $40,000 after purchasing an additional 525 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Emcor Group by 136.0% in the first quarter. Synovus Financial Corp now owns 689 shares of the construction company’s stock valued at $42,000 after purchasing an additional 397 shares in the last quarter. Citizens Financial Group Inc RI increased its position in Emcor Group by 233.9% in the first quarter. Citizens Financial Group Inc RI now owns 925 shares of the construction company’s stock worth $57,000 after purchasing an additional 648 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Emcor Group during the fourth quarter valued at $95,000. Institutional investors own 92.94% of the company’s stock.
A number of analysts have recently weighed in on the stock. Sidoti upgraded shares of Emcor Group from a “neutral” rating to a “buy” rating in a report on Wednesday. Maxim Group reissued a “hold” rating and set a $60.00 price objective on shares of Emcor Group in a research note on Wednesday, April 22nd. ValuEngine upgraded Emcor Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. DA Davidson cut Emcor Group from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Friday, May 1st. Finally, Zacks Investment Research raised Emcor Group from a “hold” rating to a “strong-buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, July 7th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $66.33.
Shares of Emcor Group stock opened at $68.50 on Friday. The stock has a market cap of $3.76 billion, a PE ratio of 11.75 and a beta of 1.03. The firm has a fifty day moving average price of $63.34 and a 200 day moving average price of $68.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.48. Emcor Group Inc has a 1 year low of $41.85 and a 1 year high of $93.54.
Emcor Group (NYSE:EME) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.35 EPS for the quarter, meeting the consensus estimate of $1.35. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. Emcor Group had a return on equity of 16.51% and a net margin of 3.53%. Emcor Group’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. As a group, equities analysts expect that Emcor Group Inc will post 4.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 20th were given a dividend of $0.08 per share. The ex-dividend date was Friday, July 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. Emcor Group’s dividend payout ratio (DPR) is 5.57%.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
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