Diversified Trust Co Boosts Stake in EMCOR Group, Inc. (NYSE:EME)

Diversified Trust Co grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,527 shares of the construction company’s stock after buying an additional 1,118 shares during the quarter. Diversified Trust Co’s holdings in EMCOR Group were worth $1,601,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ORG Wealth Partners LLC bought a new stake in EMCOR Group in the third quarter worth about $33,000. Anchor Investment Management LLC increased its stake in shares of EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after purchasing an additional 50 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC purchased a new position in EMCOR Group in the third quarter valued at approximately $49,000. Finally, Prospera Private Wealth LLC bought a new position in EMCOR Group during the third quarter valued at $55,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective on the stock. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Up 1.0 %

EME stock opened at $474.87 on Thursday. EMCOR Group, Inc. has a twelve month low of $211.10 and a twelve month high of $532.38. The firm has a market capitalization of $21.84 billion, a PE ratio of 24.12 and a beta of 1.12. The stock has a 50-day simple moving average of $485.97 and a two-hundred day simple moving average of $425.14.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s 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.