EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 108.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,389 shares of the construction company's stock after buying an additional 8,545 shares during the period. Janney Montgomery Scott LLC's holdings in EMCOR Group were worth $7,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group in the 3rd quarter valued at about $33,000. Anchor Investment Management LLC raised its stake in EMCOR Group by 89.3% in the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after acquiring an additional 50 shares during the period. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after buying an additional 104 shares during the period. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group during the third quarter worth about $49,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $55,000. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EME shares. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price target on the stock. Stifel Nicolaus started coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price for the company. Finally, StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Monday. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $518.75.

EMCOR Group Stock Up 0.5 %

EMCOR Group stock traded up $2.12 during trading hours on Wednesday, hitting $440.39. The stock had a trading volume of 506,307 shares, compared to its average volume of 490,128. The stock has a market capitalization of $20.26 billion, a P/E ratio of 22.37 and a beta of 1.12. The stock's 50-day moving average price is $485.73 and its 200-day moving average price is $438.27. EMCOR Group, Inc. has a 12-month low of $226.51 and a 12-month high of $545.29.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. EMCOR Group's revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.61 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group's dividend payout ratio is presently 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.