EMCOR Group, Inc. (NYSE:EME) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 12.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,275 shares of the construction company's stock after selling 1,587 shares during the quarter. Orion Portfolio Solutions LLC's holdings in EMCOR Group were worth $4,854,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EME. World Investment Advisors LLC purchased a new position in shares of EMCOR Group in the 3rd quarter worth about $100,282,000. Acadian Asset Management LLC raised its holdings in shares of EMCOR Group by 34.4% in the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock worth $192,028,000 after purchasing an additional 134,575 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of EMCOR Group by 155.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock worth $75,668,000 after purchasing an additional 126,148 shares during the period. Renaissance Technologies LLC raised its holdings in shares of EMCOR Group by 99.2% in the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock worth $85,246,000 after purchasing an additional 116,300 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of EMCOR Group by 971.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock valued at $36,978,000 after buying an additional 91,837 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

EMCOR Group Trading Down 6.0 %

NYSE EME traded down $30.41 during mid-day trading on Monday, reaching $478.62. 556,640 shares of the company's stock traded hands, compared to its average volume of 433,696. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The company has a fifty day simple moving average of $475.12 and a 200-day simple moving average of $412.70. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 24.31 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm earned $3.61 EPS. EMCOR Group's quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's payout ratio is 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.