Independent Advisor Alliance Acquires 1,049 Shares of EMCOR Group, Inc. (NYSE:EME)

Independent Advisor Alliance raised its position in EMCOR Group, Inc. (NYSE:EME) by 25.0% during the third quarter, Holdings Channel reports. The institutional investor owned 5,252 shares of the construction company’s stock after buying an additional 1,049 shares during the quarter. Independent Advisor Alliance’s holdings in EMCOR Group were worth $2,261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EME. Price T Rowe Associates Inc. MD boosted its position in EMCOR Group by 10.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 144,801 shares of the construction company’s stock valued at $50,711,000 after buying an additional 13,995 shares during the last quarter. Ascent Group LLC bought a new position in EMCOR Group in the 1st quarter valued at $261,000. Caxton Associates LP bought a new position in EMCOR Group in the 1st quarter valued at $929,000. Bayesian Capital Management LP boosted its position in EMCOR Group by 18.4% in the 1st quarter. Bayesian Capital Management LP now owns 2,668 shares of the construction company’s stock valued at $934,000 after buying an additional 415 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in EMCOR Group by 66.8% in the 1st quarter. Janus Henderson Group PLC now owns 37,611 shares of the construction company’s stock valued at $13,171,000 after buying an additional 15,066 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on EME shares. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday. They issued a “sell” rating and a $445.00 price target on the stock. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Trading Up 1.2 %

Shares of EMCOR Group stock opened at $510.91 on Tuesday. The company has a market capitalization of $23.50 billion, a PE ratio of 25.95 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38. The stock’s fifty day simple moving average is $457.00 and its 200 day simple moving average is $402.97.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for 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%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.61 EPS. Analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s payout ratio is presently 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.