Atria Wealth Solutions Inc. Raises Stake in EMCOR Group, Inc. (NYSE:EME)

Atria Wealth Solutions Inc. lifted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 125.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,811 shares of the construction company's stock after buying an additional 1,007 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in EMCOR Group were worth $822,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EME. True Wealth Design LLC lifted its stake in 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 in the last quarter. SJS Investment Consulting Inc. lifted its stake in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after purchasing an additional 94 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of EMCOR Group in the 3rd quarter worth $55,000. Harbor Capital Advisors Inc. bought a new position in shares of EMCOR Group in the 3rd quarter worth $62,000. Finally, Rakuten Securities Inc. increased its holdings in shares of EMCOR Group by 4,025.0% in the 3rd quarter. Rakuten Securities Inc. now owns 165 shares of the construction company's stock worth $71,000 after buying an additional 161 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price on the stock. Finally, Stifel Nicolaus reduced their target price on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Price Performance

EME traded up $5.62 during trading on Friday, hitting $408.33. 676,820 shares of the stock traded hands, compared to its average volume of 516,408. The firm has a market capitalization of $18.78 billion, a P/E ratio of 20.74 and a beta of 1.11. The firm has a 50-day moving average of $458.38 and a 200 day moving average of $448.53. EMCOR Group, Inc. has a 12-month low of $305.89 and a 12-month high of $545.29.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. EMCOR Group's dividend 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.