D.A. Davidson & CO. Has $1.63 Million Stake in EMCOR Group, Inc. (NYSE:EME)

D.A. Davidson & CO. trimmed its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,600 shares of the construction company's stock after selling 945 shares during the period. D.A. Davidson & CO.'s holdings in EMCOR Group were worth $1,634,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. lifted its holdings in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after purchasing an additional 26 shares during the last quarter. Cumberland Partners Ltd increased its position in 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 buying an additional 1,500 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in EMCOR Group by 3,510.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock valued at $311,000 after acquiring an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted 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 worth $23,473,000 after acquiring an additional 34,553 shares during the period. Finally, Independent Advisor Alliance grew its stake in EMCOR Group by 25.0% during the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock worth $2,261,000 after buying an additional 1,049 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 7.2 %

Shares of EMCOR Group stock traded up $28.53 on Wednesday, reaching $426.56. 376,405 shares of the company were exchanged, compared to its average volume of 496,146. EMCOR Group, Inc. has a fifty-two week low of $272.29 and a fifty-two week high of $545.29. The stock has a fifty day moving average price of $461.63 and a 200-day moving average price of $448.68. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 21.62 and a beta of 1.11.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio is 5.08%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EME shares. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price on the stock. Stifel Nicolaus started 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. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.