MML Investors Services LLC Purchases 1,491 Shares of EMCOR Group, Inc. (NYSE:EME)

MML Investors Services LLC boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 14.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,108 shares of the construction company's stock after buying an additional 1,491 shares during the period. MML Investors Services LLC's holdings in EMCOR Group were worth $5,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EME. Caprock Group LLC grew its holdings in EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company's stock worth $2,513,000 after buying an additional 22 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of EMCOR Group by 13.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company's stock worth $101,000 after purchasing an additional 27 shares during the period. Cassaday & Co Wealth Management LLC boosted its holdings in shares of EMCOR Group by 3.8% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company's stock worth $357,000 after buying an additional 30 shares during the last quarter. Mount Lucas Management LP grew its position in EMCOR Group by 2.5% during the third quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company's stock valued at $598,000 after buying an additional 34 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in EMCOR Group by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock valued at $587,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EME traded down $1.20 on Friday, reaching $479.05. The stock had a trading volume of 266,106 shares, compared to its average volume of 431,388. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $532.38. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 24.34 and a beta of 1.09. The company has a 50-day simple moving average of $478.06 and a 200-day simple moving average of $414.17.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates 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 for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.61 earnings per share. On average, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Tuesday, October 15th. EMCOR Group's payout ratio is 5.08%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EME shares. Northcoast Research assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective on the stock. Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a "buy" rating and a $600.00 price objective on the stock. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "sell" rating and a $445.00 price target on the stock. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and an average target price of $518.75.

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.