Park Avenue Securities LLC Grows Stake in EMCOR Group, Inc. (NYSE:EME)

Park Avenue Securities LLC lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,333 shares of the construction company's stock after purchasing an additional 706 shares during the period. Park Avenue Securities LLC's holdings in EMCOR Group were worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in EMCOR Group during the 3rd quarter valued at approximately $33,000. Anchor Investment Management LLC grew its stake in EMCOR Group by 89.3% during the second 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 in the last quarter. True Wealth Design LLC increased its holdings in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after acquiring an additional 104 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in EMCOR Group in the 3rd quarter valued at $49,000. Finally, Prospera Private Wealth LLC purchased a new stake in EMCOR Group in the 3rd quarter worth $55,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report 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 price objective on the stock. 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 for the company. Finally, Stifel Nicolaus began 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. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

EMCOR Group Stock Performance

EME stock traded down $3.88 during midday trading on Friday, reaching $507.12. 375,221 shares of the company traded hands, compared to its average volume of 305,268. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 25.75 and a beta of 1.12. The business has a 50 day moving average of $488.17 and a 200-day moving average of $431.39. EMCOR Group, Inc. has a 52-week low of $217.22 and a 52-week high of $532.38.

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

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's payout ratio is presently 5.08%.

EMCOR Group 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.