EMCOR Group, Inc. (NYSE:EME) Shares Sold by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. reduced its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 17.6% during the 4th quarter, HoldingsChannel reports. The firm owned 5,596 shares of the construction company’s stock after selling 1,196 shares during the quarter. EMCOR Group comprises 1.7% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 25th biggest position. Prentiss Smith & Co. Inc.’s holdings in EMCOR Group were worth $2,540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EME. World Investment Advisors LLC purchased a new stake in EMCOR Group in the 3rd quarter valued at $100,282,000. Nordea Investment Management AB lifted its position in shares of EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of EMCOR Group by 45.2% in 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 purchasing an additional 88,074 shares during the period. International Assets Investment Management LLC acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $31,140,000. Finally, Victory Capital Management Inc. increased its stake in EMCOR Group by 91.4% during the 3rd quarter. Victory Capital Management Inc. now owns 124,704 shares of the construction company’s stock worth $53,689,000 after buying an additional 59,546 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Trading Up 2.3 %

Shares of EME stock traded up $10.16 during trading hours on Wednesday, hitting $448.43. The company’s stock had a trading volume of 40,357 shares, compared to its average volume of 462,697. EMCOR Group, Inc. has a twelve month low of $226.51 and a twelve month high of $545.29. The stock has a market cap of $20.63 billion, a price-to-earnings ratio of 22.81 and a beta of 1.12. The business has a fifty day moving average of $487.24 and a 200-day moving average of $438.26.

EMCOR Group (NYSE:EME) last released its quarterly 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 company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.61 earnings per share. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio is presently 5.08%.

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. StockNews.com lowered shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. 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 target price on the stock. Finally, Northcoast Research initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

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.