EMCOR Group, Inc. (NYSE:EME) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,506 shares of the construction company's stock after purchasing an additional 3,557 shares during the quarter. Advisors Asset Management Inc. owned about 0.06% of EMCOR Group worth $12,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EME. Acadian Asset Management LLC grew its position in EMCOR Group by 34.4% in the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock worth $192,028,000 after acquiring an additional 134,575 shares during the period. AQR Capital Management LLC raised its holdings in EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock valued at $150,553,000 after buying an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in EMCOR Group by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock worth $152,427,000 after buying an additional 14,447 shares during the period. TimesSquare Capital Management LLC increased its position in shares of EMCOR Group by 3.8% during the third quarter. TimesSquare Capital Management LLC now owns 265,485 shares of the construction company's stock valued at $114,299,000 after acquiring an additional 9,755 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of EMCOR Group by 99.2% in the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock valued at $85,246,000 after acquiring an additional 116,300 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 0.4 %

NYSE:EME traded up $1.82 during midday trading on Wednesday, reaching $515.82. The company had a trading volume of 436,987 shares, compared to its average volume of 434,955. The stock's fifty day simple moving average is $449.43 and its 200-day simple moving average is $400.01. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 26.10 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the business earned $3.61 EPS. EMCOR Group's revenue for the quarter was up 15.3% on a year-over-year basis. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed 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 was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group's dividend payout ratio is presently 5.08%.

Analyst Ratings Changes

EME has been the subject of several research reports. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 target price on the stock. Finally, DA Davidson lifted their target price on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research report on Friday, July 26th.

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.