Burney Co. Has $6.75 Million Position in EMCOR Group, Inc. (NYSE:EME)

Burney Co. raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 104.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,867 shares of the construction company's stock after purchasing an additional 7,605 shares during the quarter. Burney Co.'s holdings in EMCOR Group were worth $6,748,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in shares of EMCOR Group in the third quarter worth about $100,282,000. Nordea Investment Management AB raised its stake in shares of EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock valued at $65,036,000 after acquiring an additional 136,501 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of EMCOR Group by 99.2% in the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock valued at $85,246,000 after acquiring an additional 116,300 shares in the last quarter. AQR Capital Management LLC lifted its holdings in EMCOR Group by 27.5% in the 2nd 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 last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company's stock valued at $121,871,000 after purchasing an additional 88,074 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target on the stock. Northcoast Research started coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Price Performance

EME traded up $9.84 during mid-day trading on Wednesday, hitting $502.75. The stock had a trading volume of 444,456 shares, compared to its average volume of 386,670. EMCOR Group, Inc. has a 1-year low of $217.08 and a 1-year high of $532.38. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of 25.53 and a beta of 1.12. The stock's fifty day simple moving average is $488.17 and its 200-day simple moving average is $428.77.

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

EMCOR Group Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.20%. EMCOR Group's dividend payout ratio (DPR) 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.