EMCOR Group, Inc. (NYSE:EME) Stock Holdings Decreased by Miura Global Management LLC

Miura Global Management LLC trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the construction company's stock after selling 2,000 shares during the quarter. EMCOR Group comprises approximately 4.0% of Miura Global Management LLC's holdings, making the stock its 10th biggest position. Miura Global Management LLC's holdings in EMCOR Group were worth $3,444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Cumberland Partners Ltd grew its holdings in EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company's stock valued at $1,722,000 after buying an additional 1,500 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of EMCOR Group by 165.3% during the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company's stock valued at $2,174,000 after acquiring an additional 3,869 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of EMCOR Group by 173.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company's stock valued at $23,473,000 after acquiring an additional 34,553 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of EMCOR Group by 46.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company's stock valued at $28,874,000 after acquiring an additional 21,385 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in shares of EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock valued at $2,261,000 after acquiring an additional 1,049 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of several research analyst reports. 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. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 target price on the stock. The Goldman Sachs Group started coverage on EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target for the company. Finally, StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $518.75.

EMCOR Group Trading Up 1.0 %

EME traded up $4.95 during mid-day trading on Wednesday, hitting $514.55. 318,833 shares of the stock were exchanged, compared to its average volume of 433,618. The firm's fifty day moving average is $469.25 and its two-hundred day moving average is $409.43. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The company has a market cap of $23.67 billion, a PE ratio of 25.88 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results 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. 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 for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the company earned $3.61 EPS. EMCOR Group's revenue was up 15.3% on a year-over-year basis. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. EMCOR Group's payout ratio is currently 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.