Fiera Capital Corp Reduces Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Fiera Capital Corp reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,549 shares of the construction company’s stock after selling 5,406 shares during the period. Fiera Capital Corp owned approximately 0.37% of EMCOR Group worth $74,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in shares of EMCOR Group in the 1st quarter valued at approximately $208,000. Chevy Chase Trust Holdings LLC lifted its stake in shares of EMCOR Group by 6.9% during the first quarter. Chevy Chase Trust Holdings LLC now owns 1,251 shares of the construction company’s stock worth $438,000 after buying an additional 81 shares during the period. AIA Group Ltd purchased a new position in EMCOR Group in the 1st quarter worth $735,000. SG Americas Securities LLC lifted its position in EMCOR Group by 259.0% during the 1st quarter. SG Americas Securities LLC now owns 25,938 shares of the construction company’s stock worth $9,083,000 after acquiring an additional 18,713 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of EMCOR Group in the first quarter valued at about $1,752,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

EMCOR Group stock traded up $8.66 during midday trading on Friday, hitting $513.01. 220,520 shares of the company were exchanged, compared to its average volume of 431,561. EMCOR Group, Inc. has a fifty-two week low of $207.36 and a fifty-two week high of $514.52. The firm has a market capitalization of $23.60 billion, a PE ratio of 26.07 and a beta of 1.07. The business has a fifty day simple moving average of $427.08 and a two-hundred day simple moving average of $390.62.

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, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm earned $3.61 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s payout ratio is currently 5.08%.

Wall Street Analysts Forecast Growth

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

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.