Worldquant Millennium Advisors LLC Purchases 22,422 Shares of EMCOR Group, Inc. (NYSE:EME)

Worldquant Millennium Advisors LLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 81.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,851 shares of the construction company’s stock after purchasing an additional 22,422 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.11% of EMCOR Group worth $21,462,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EME. Proffitt & Goodson Inc. bought a new stake in EMCOR Group in the 2nd quarter worth $27,000. Innealta Capital LLC purchased a new stake in EMCOR Group in the 2nd quarter worth approximately $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $31,000. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group during the third quarter valued at approximately $33,000. Finally, Anchor Investment Management LLC lifted its stake in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after acquiring an additional 50 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. 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. Based on data from MarketBeat.com, EMCOR Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Down 0.8 %

Shares of NYSE EME opened at $509.33 on Friday. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38. The firm’s 50-day moving average price is $474.16 and its 200-day moving average price is $411.75. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 25.87 and a beta of 1.09.

EMCOR Group (NYSE:EME) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm posted $3.61 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

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.