EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 33.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,718 shares of the construction company's stock after acquiring an additional 1,935 shares during the quarter. Assetmark Inc.'s holdings in EMCOR Group were worth $3,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Executive Wealth Management LLC acquired a new stake in EMCOR Group in the third quarter valued at approximately $3,148,000. Equitable Trust Co. grew its position in EMCOR Group by 2.2% in the third quarter. Equitable Trust Co. now owns 2,810 shares of the construction company's stock valued at $1,210,000 after acquiring an additional 60 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in EMCOR Group in the third quarter valued at approximately $99,000. AIA Group Ltd grew its position in EMCOR Group by 5.3% in the third quarter. AIA Group Ltd now owns 2,000 shares of the construction company's stock valued at $861,000 after acquiring an additional 100 shares in the last quarter. Finally, Summit Global Investments grew its position in EMCOR Group by 58.4% in the third quarter. Summit Global Investments now owns 10,821 shares of the construction company's stock valued at $4,659,000 after acquiring an additional 3,991 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analysts Set New Price Targets

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

EMCOR Group Stock Down 2.7 %

Shares of EMCOR Group stock traded down $13.72 on Wednesday, hitting $500.36. 443,834 shares of the company's stock traded hands, compared to its average volume of 434,420. The stock has a market cap of $23.02 billion, a P/E ratio of 25.78 and a beta of 1.07. The firm's 50-day moving average is $432.06 and its 200 day moving average is $393.84. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same period last year, the business posted $3.61 earnings per share. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is presently 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.