EMCOR Group, Inc. (NYSE:EME) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,326 shares of the construction company's stock after selling 1,344 shares during the quarter. Natixis Advisors LLC owned 0.07% of EMCOR Group worth $14,348,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EME. Archer Investment Corp grew its holdings in shares of EMCOR Group by 1,405.9% in the third quarter. Archer Investment Corp now owns 768 shares of the construction company's stock valued at $331,000 after purchasing an additional 717 shares in the last quarter. Empowered Funds LLC boosted its position in EMCOR Group by 183.6% in the 3rd quarter. Empowered Funds LLC now owns 39,265 shares of the construction company's stock valued at $16,905,000 after buying an additional 25,421 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in shares of EMCOR Group by 0.8% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,773 shares of the construction company's stock worth $2,486,000 after acquiring an additional 45 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock worth $587,000 after acquiring an additional 43 shares during the period. Finally, ING Groep NV raised its stake in shares of EMCOR Group by 547.1% in the third quarter. ING Groep NV now owns 22,000 shares of the construction company's stock valued at $9,472,000 after acquiring an additional 18,600 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Up 0.4 %

Shares of EME stock opened at $515.82 on Thursday. The company has a market cap of $23.73 billion, a P/E ratio of 26.20 and a beta of 1.07. The firm has a fifty day moving average price of $449.43 and a 200 day moving average price of $400.01. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $525.31.

EMCOR Group (NYSE:EME - Get Free Report) last released 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the prior year, the firm posted $3.61 EPS. The business's quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group's payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

Several research analysts recently commented on EME shares. DA Davidson boosted their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They set a "buy" rating and a $600.00 price objective for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th.

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.