Equitable Trust Co. Buys 60 Shares of EMCOR Group, Inc. (NYSE:EME)

Equitable Trust Co. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,810 shares of the construction company’s stock after purchasing an additional 60 shares during the period. Equitable Trust Co.’s holdings in EMCOR Group were worth $1,210,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Burgundy Asset Management Ltd. boosted its stake in shares of EMCOR Group by 1.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 691,381 shares of the construction company’s stock valued at $242,122,000 after purchasing an additional 11,479 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company’s stock valued at $192,028,000 after purchasing an additional 134,575 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock valued at $150,553,000 after purchasing an additional 88,909 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of EMCOR Group by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock valued at $152,427,000 after purchasing an additional 14,447 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock valued at $85,246,000 after purchasing an additional 116,300 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Price Performance

Shares of NYSE EME opened at $514.15 on Friday. EMCOR Group, Inc. has a 1 year low of $207.36 and a 1 year high of $519.10. The stock has a market cap of $23.65 billion, a P/E ratio of 26.11 and a beta of 1.07. The firm has a 50-day moving average of $429.51 and a 200 day moving average of $392.25.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business’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 company earned $3.61 earnings per share. Research analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.