Algert Global LLC Has $4.99 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Algert Global LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 848.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,585 shares of the construction company’s stock after buying an additional 10,363 shares during the quarter. Algert Global LLC’s holdings in EMCOR Group were worth $4,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of EME. Cumberland Partners Ltd raised its position in shares of EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock valued at $1,722,000 after purchasing an additional 1,500 shares during the period. Cetera Advisors LLC raised its holdings in EMCOR Group by 165.3% in the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after acquiring an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in EMCOR Group by 173.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after acquiring an additional 34,553 shares during the last quarter. Gulf International Bank UK Ltd bought a new stake in shares of EMCOR Group during the second quarter worth approximately $1,405,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of EMCOR Group in the third quarter valued at approximately $8,352,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EME. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday. They issued a “buy” rating and a $600.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday. They set a “sell” rating and a $445.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Stock Down 4.2 %

NYSE EME opened at $504.92 on Monday. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $532.38. The business’s fifty day moving average is $457.00 and its 200 day moving average is $402.81. The company has a market cap of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07.

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

EMCOR Group Announces Dividend

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