Centiva Capital LP Has $1.71 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Centiva Capital LP reduced its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 37.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,979 shares of the construction company's stock after selling 2,381 shares during the period. Centiva Capital LP's holdings in EMCOR Group were worth $1,713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in shares of EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock worth $192,028,000 after purchasing an additional 134,575 shares during the period. AQR Capital Management LLC grew its stake in shares of EMCOR Group by 27.5% during the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of 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 purchasing an additional 14,447 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of EMCOR Group by 11.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company's stock worth $144,016,000 after purchasing an additional 34,226 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of EMCOR Group by 45.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company's stock worth $121,871,000 after purchasing an additional 88,074 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Up 1.0 %

Shares of EMCOR Group stock traded up $5.12 during trading on Wednesday, reaching $514.71. The stock had a trading volume of 318,793 shares, compared to its average volume of 434,158. The company has a market capitalization of $23.68 billion, a price-to-earnings ratio of 26.14 and a beta of 1.09. The stock has a fifty day moving average price of $470.84 and a two-hundred day moving average price of $410.16. EMCOR Group, Inc. has a 52 week low of $209.31 and a 52 week high of $532.38.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. EMCOR Group's revenue was up 15.3% on a year-over-year basis. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. Northcoast Research began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective for the company. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price for the company. Finally, Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 target price for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.