Janus Henderson Group PLC Buys 2,363 Shares of EMCOR Group, Inc. (NYSE:EME)

Janus Henderson Group PLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 236.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,363 shares of the construction company's stock after purchasing an additional 2,363 shares during the period. Janus Henderson Group PLC's holdings in EMCOR Group were worth $1,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proffitt & Goodson Inc. purchased a new position in shares of EMCOR Group in the second quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in EMCOR Group in the 3rd quarter worth $33,000. Innealta Capital LLC purchased a new position in shares of EMCOR Group during the second quarter valued at about $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group in the second quarter worth about $31,000. Finally, Anchor Investment Management LLC lifted its position in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after buying an additional 50 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EME shares. Stifel Nicolaus assumed coverage on EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 price objective on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price objective for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group currently has an average rating of "Moderate Buy" and an average price target of $518.75.

EMCOR Group Stock Down 0.2 %

EME traded down $0.97 during trading on Friday, reaching $479.28. The company had a trading volume of 266,118 shares, compared to its average volume of 431,388. The business has a 50 day simple moving average of $478.94 and a 200-day simple moving average of $414.88. The stock has a market cap of $22.05 billion, a P/E ratio of 24.34 and a beta of 1.09. EMCOR Group, Inc. has a 52 week low of $209.31 and a 52 week high of $532.38.

EMCOR Group (NYSE:EME - Get Free Report) last released 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. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $3.61 EPS. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

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.