Pacer Advisors Inc. Purchases 2,644 Shares of EMCOR Group, Inc. (NYSE:EME)

Pacer Advisors Inc. boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 24.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,438 shares of the construction company's stock after acquiring an additional 2,644 shares during the period. Pacer Advisors Inc.'s holdings in EMCOR Group were worth $6,100,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC lifted 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 purchasing an additional 50 shares during the last quarter. True Wealth Design LLC grew its holdings in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC bought a new stake in EMCOR Group in the third quarter valued at approximately $49,000. Finally, SJS Investment Consulting Inc. lifted its holdings in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $9.90 during trading on Thursday, reaching $449.31. 589,752 shares of the company's stock were exchanged, compared to its average volume of 495,434. EMCOR Group, Inc. has a 1-year low of $226.99 and a 1-year high of $545.29. The company has a market cap of $20.67 billion, a P/E ratio of 22.82 and a beta of 1.12. The firm's 50-day moving average price is $485.73 and its 200 day moving average price is $438.27.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 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 firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the firm earned $3.61 earnings per share. The business's quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. EMCOR Group's dividend payout ratio is currently 5.08%.

Analyst Upgrades and Downgrades

EME has been the topic of several research reports. The Goldman Sachs Group assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "buy" rating and a $600.00 price target on the stock. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, 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.