Prentiss Smith & Co. Inc. Lowers Holdings in EMCOR Group, Inc. (NYSE:EME)

Prentiss Smith & Co. Inc. lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,596 shares of the construction company’s stock after selling 1,196 shares during the quarter. EMCOR Group makes up 1.7% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 25th biggest holding. Prentiss Smith & Co. Inc.’s holdings in EMCOR Group were worth $2,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. boosted its stake in shares of EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after purchasing an additional 26 shares during the period. Cumberland Partners Ltd grew its position in EMCOR Group by 60.0% in the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after acquiring an additional 1,500 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in shares of EMCOR Group by 3,510.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after purchasing an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in EMCOR Group by 173.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

NYSE EME traded up $10.16 on Wednesday, reaching $448.43. 40,357 shares of the company’s stock traded hands, compared to its average volume of 462,697. The stock has a 50 day moving average price of $487.24 and a 200-day moving average price of $438.26. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 22.81 and a beta of 1.12. EMCOR Group, Inc. has a fifty-two week low of $226.51 and a fifty-two week high of $545.29.

EMCOR Group (NYSE:EME) last issued its 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. The firm 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 company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.61 earnings per share. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Wall Street Analyst Weigh In

EME has been the subject of several research reports. The Goldman Sachs Group began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

About EMCOR Group

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.