Impact Partnership Wealth LLC Buys 133 Shares of EMCOR Group, Inc. (NYSE:EME)

Impact Partnership Wealth LLC grew its stake in EMCOR Group, Inc. (NYSE:EME) by 15.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,012 shares of the construction company’s stock after purchasing an additional 133 shares during the quarter. Impact Partnership Wealth LLC’s holdings in EMCOR Group were worth $459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EME. World Investment Advisors LLC bought a new position in EMCOR Group in the 3rd quarter worth about $100,282,000. Nordea Investment Management AB lifted its stake in shares of EMCOR Group by 2,246.2% in the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after buying an additional 136,501 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of EMCOR Group by 27.5% during the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock valued at $150,553,000 after buying an additional 88,909 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of EMCOR Group by 45.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after acquiring an additional 88,074 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in EMCOR Group in the 3rd quarter worth approximately $31,140,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EME shares. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EMCOR Group has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Price Performance

NYSE:EME opened at $531.57 on Friday. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12. The business has a fifty day moving average price of $488.87 and a 200-day moving average price of $434.64. EMCOR Group, Inc. has a one year low of $219.07 and a one year high of $545.29.

EMCOR Group (NYSE:EME) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the business posted $3.61 earnings per share. The business’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given 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 is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.