EMCOR Group, Inc. (NYSE:EME) Holdings Cut by Barclays PLC

Barclays PLC decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,919 shares of the construction company's stock after selling 18,128 shares during the quarter. Barclays PLC owned about 0.11% of EMCOR Group worth $22,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cumberland Partners Ltd lifted its stake in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock worth $1,722,000 after purchasing an additional 1,500 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings 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 valued at $23,473,000 after buying an additional 34,553 shares during the period. Independent Advisor Alliance lifted its position in EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock worth $2,261,000 after acquiring an additional 1,049 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in 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 acquiring an additional 21,385 shares during the period. Finally, MinichMacGregor Wealth Management LLC acquired a new stake in EMCOR Group in the third quarter valued at approximately $8,352,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Price Performance

EME traded down $0.97 during trading on Friday, hitting $479.28. The company had a trading volume of 266,118 shares, compared to its average volume of 431,388. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The company has a market cap of $22.05 billion, a PE ratio of 24.34 and a beta of 1.09. The business has a 50-day moving average of $478.94 and a 200-day moving average of $415.02.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates 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 for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.61 EPS. Research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's payout ratio is 5.08%.

Analysts Set New Price Targets

A number of research firms have recently commented on EME. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price objective on the stock. Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday, November 15th. 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 research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

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.