WCM Investment Management LLC Purchases 22 Shares of EMCOR Group, Inc. (NYSE:EME)

WCM Investment Management LLC grew its position in EMCOR Group, Inc. (NYSE:EME) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,971 shares of the construction company’s stock after purchasing an additional 22 shares during the period. WCM Investment Management LLC’s holdings in EMCOR Group were worth $6,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. bought a new stake in shares of EMCOR Group in the first quarter worth about $264,000. Meeder Advisory Services Inc. acquired a new stake in EMCOR Group during the 1st quarter worth approximately $283,000. Headlands Technologies LLC lifted its stake in EMCOR Group by 51.4% in the first quarter. Headlands Technologies LLC now owns 209 shares of the construction company’s stock valued at $73,000 after buying an additional 71 shares in the last quarter. Qsemble Capital Management LP acquired a new position in shares of EMCOR Group in the first quarter valued at approximately $356,000. Finally, Russell Investments Group Ltd. increased its position in shares of EMCOR Group by 18.6% during the first quarter. Russell Investments Group Ltd. now owns 82,491 shares of the construction company’s stock worth $28,926,000 after acquiring an additional 12,932 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of several recent research reports. DA Davidson upped their price objective on 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 EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of EME opened at $520.59 on Tuesday. The firm has a 50-day moving average of $429.51 and a 200-day moving average of $392.63. The company has a market cap of $23.95 billion, a PE ratio of 26.44 and a beta of 1.07. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the company posted $3.61 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is 5.08%.

EMCOR Group 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.