Asset Management One Co. Ltd. Sells 3,283 Shares of EMCOR Group, Inc. (NYSE:EME)

Asset Management One Co. Ltd. reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,968 shares of the construction company's stock after selling 3,283 shares during the quarter. Asset Management One Co. Ltd.'s holdings in EMCOR Group were worth $7,305,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in shares of EMCOR Group by 55.6% in the first quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company's stock valued at $137,074,000 after acquiring an additional 139,919 shares in the last quarter. Panagora Asset Management Inc. grew its stake in EMCOR Group by 155.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock valued at $75,668,000 after purchasing an additional 126,148 shares during the period. Renaissance Technologies LLC raised its stake in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock worth $85,246,000 after purchasing an additional 116,300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of EMCOR Group by 971.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock worth $36,978,000 after buying an additional 91,837 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after buying an additional 88,909 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Up 1.9 %

Shares of EME stock traded up $9.80 on Friday, hitting $514.15. 593,175 shares of the stock were exchanged, compared to its average volume of 433,279. EMCOR Group, Inc. has a one year low of $207.36 and a one year high of $519.10. The firm's 50 day moving average is $427.08 and its two-hundred day moving average is $390.62. The firm has a market capitalization of $23.65 billion, a PE ratio of 26.07 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $3.61 earnings per share. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. EMCOR Group's dividend payout ratio is currently 5.08%.

Wall Street Analysts Forecast Growth

Several analysts have commented on EME shares. DA Davidson lifted their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th.

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.