1,050 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,050 shares of the construction company's stock, valued at approximately $452,000.

Several other institutional investors also recently bought and sold shares of EME. Cumberland Partners Ltd boosted its holdings 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 worth $1,722,000 after buying an additional 1,500 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of EMCOR Group by 173.0% during 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 acquiring an additional 34,553 shares during the last quarter. Independent Advisor Alliance grew its position in shares of 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 acquiring an additional 1,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of EMCOR Group by 46.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company's stock worth $28,874,000 after purchasing an additional 21,385 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new position in EMCOR Group in the 3rd quarter worth $8,352,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on EME shares. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price for the company. Finally, StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Stock Performance

EME stock traded down $0.64 during trading on Friday, hitting $479.61. 138,592 shares of the company's stock traded hands, compared to its average volume of 430,853. The business has a fifty day simple moving average of $478.06 and a 200 day simple moving average of $414.17. EMCOR Group, Inc. has a 52 week low of $209.31 and a 52 week high of $532.38. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of 24.39 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $3.61 EPS. The company's revenue for the quarter was up 15.3% on a year-over-year basis. Research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group's payout ratio is 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.