EMCOR Group, Inc. (NYSE:EME) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,732 shares of the construction company's stock after selling 709 shares during the period. EMCOR Group makes up about 1.5% of GW Henssler & Associates Ltd.'s investment portfolio, making the stock its 25th biggest holding. GW Henssler & Associates Ltd. owned approximately 0.12% of EMCOR Group worth $24,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in EME. State Street Corp grew its stake in shares of EMCOR Group by 1.5% in the third quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after buying an additional 24,541 shares in the last quarter. Geode Capital Management LLC boosted its holdings in EMCOR Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock worth $428,313,000 after acquiring an additional 49,137 shares during the period. Allspring Global Investments Holdings LLC grew its position in EMCOR Group by 4.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock valued at $152,427,000 after acquiring an additional 14,447 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of EMCOR Group by 11.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company's stock valued at $144,016,000 after purchasing an additional 34,226 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position 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 worth $121,871,000 after purchasing an additional 88,074 shares in the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

EME opened at $448.52 on Monday. EMCOR Group, Inc. has a 1-year low of $226.99 and a 1-year high of $545.29. The company has a 50-day moving average of $483.05 and a 200-day moving average of $439.71. The company has a market capitalization of $20.63 billion, a P/E ratio of 22.78 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations 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 for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 earnings per share. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

Wall Street Analysts Forecast Growth

EME has been the subject of a number of recent analyst reports. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Monday, January 27th. Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 target price for the company. The Goldman Sachs Group initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target on the stock. Finally, Northcoast Research started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average price target of $518.75.

About EMCOR Group

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.

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