EMCOR Group, Inc. (NYSE:EME) Stock Position Reduced by Fiera Capital Corp

Fiera Capital Corp reduced its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,549 shares of the construction company's stock after selling 5,406 shares during the period. Fiera Capital Corp owned approximately 0.37% of EMCOR Group worth $74,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Eagle Bay Advisors LLC boosted its position in shares of EMCOR Group by 8.1% during the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company's stock valued at $160,000 after acquiring an additional 34 shares during the last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of EMCOR Group by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company's stock valued at $787,000 after buying an additional 46 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of EMCOR Group by 30.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company's stock valued at $73,000 after purchasing an additional 47 shares during the last quarter. Cooper Financial Group lifted its holdings in EMCOR Group by 3.7% during the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company's stock worth $485,000 after buying an additional 47 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in EMCOR Group by 11.7% in the third quarter. Signaturefd LLC now owns 469 shares of the construction company's stock valued at $202,000 after purchasing an additional 49 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Price Performance

NYSE EME traded up $9.72 on Friday, hitting $514.07. 593,389 shares of the company's stock were exchanged, compared to its average volume of 433,279. EMCOR Group, Inc. has a fifty-two week low of $207.36 and a fifty-two week high of $519.10. The firm's 50-day moving average price is $429.51 and its two-hundred day moving average price is $391.88. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 26.11 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The business 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%. The company's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.61 EPS. On average, research analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid 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 0.19%. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EME shares. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, July 26th.

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.