EMCOR Group, Inc. (NYSE:EME) Position Trimmed by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft decreased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 52.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,408 shares of the construction company's stock after selling 2,642 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in EMCOR Group were worth $1,093,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of EME. World Investment Advisors LLC acquired a new position in shares of EMCOR Group during the third quarter valued at $100,282,000. Nordea Investment Management AB raised its stake in shares of EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock valued at $65,036,000 after purchasing an additional 136,501 shares in the last quarter. Swedbank AB raised its stake in shares of EMCOR Group by 399.4% during the fourth quarter. Swedbank AB now owns 153,443 shares of the construction company's stock valued at $69,648,000 after purchasing an additional 122,716 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of EMCOR Group by 45.2% during 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of EMCOR Group during the third quarter valued at about $31,140,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 2.7 %

EMCOR Group stock traded up $11.69 during midday trading on Thursday, hitting $451.10. The company's stock had a trading volume of 245,969 shares, compared to its average volume of 476,954. 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 $226.99 and a 12 month high of $545.29. The company has a market capitalization of $20.75 billion, a PE ratio of 22.90 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping 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 business's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.61 EPS. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be issued 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 0.22%. EMCOR Group's payout ratio is presently 5.08%.

Wall Street Analysts Forecast Growth

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

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.