Free Trial

Sanctuary Advisors LLC Sells 2,006 Shares of EMCOR Group, Inc. (NYSE:EME)

EMCOR Group logo with Construction background

Sanctuary Advisors LLC decreased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,778 shares of the construction company's stock after selling 2,006 shares during the period. Sanctuary Advisors LLC's holdings in EMCOR Group were worth $4,210,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. World Investment Advisors LLC purchased a new stake in EMCOR Group during the third quarter valued at about $100,282,000. Acadian Asset Management LLC lifted its position in shares of EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock worth $192,028,000 after acquiring an additional 134,575 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of EMCOR Group by 155.5% in the second quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock worth $75,668,000 after acquiring an additional 126,148 shares during the period. Renaissance Technologies LLC grew its position in shares of EMCOR Group by 99.2% in the second quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock valued at $85,246,000 after purchasing an additional 116,300 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of EMCOR Group by 971.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock valued at $36,978,000 after purchasing an additional 91,837 shares during the period. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EME. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a "buy" rating and a $600.00 target price for the company. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price target for the company. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

View Our Latest Report on EMCOR Group

EMCOR Group Stock Performance

EME traded down $7.65 on Tuesday, reaching $476.90. The company had a trading volume of 439,812 shares, compared to its average volume of 431,088. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38. The company has a market cap of $21.94 billion, a price-to-earnings ratio of 24.03 and a beta of 1.09. The business has a 50 day simple moving average of $479.81 and a 200 day simple moving average of $415.65.

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 analysts' consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.61 EPS. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio is 5.08%.

EMCOR Group Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

→ ⭕ [URGENT] Buy Alert just triggered (From Behind the Markets) (Ad)

Should you invest $1,000 in EMCOR Group right now?

Before you consider EMCOR Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EMCOR Group wasn't on the list.

While EMCOR Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Future of Healthcare: 3 AI Stocks Leading the Way
Analysts Predict Big Gains for These 3 Cybersecurity Leaders
This Investment Strategy Has the Highest Payout Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines