EMCOR Group, Inc. (NYSE:EME) Position Trimmed by Point72 DIFC Ltd

Point72 DIFC Ltd decreased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 90.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245 shares of the construction company's stock after selling 2,301 shares during the quarter. Point72 DIFC Ltd's holdings in EMCOR Group were worth $106,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Caprock Group LLC boosted its stake in EMCOR Group by 0.4% in the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company's stock valued at $2,513,000 after acquiring an additional 22 shares during the period. First Horizon Advisors Inc. grew its stake in 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 buying an additional 27 shares during the last quarter. Cassaday & Co Wealth Management LLC increased its position in EMCOR Group by 3.8% in the third 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 period. Mount Lucas Management LP lifted its stake in EMCOR Group by 2.5% in 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 last quarter. Finally, CIBC Asset Management Inc grew its position in shares of EMCOR Group by 3.3% during the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock worth $587,000 after acquiring an additional 43 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

EMCOR Group Price Performance

Shares of NYSE EME traded down $28.54 during mid-day trading on Monday, reaching $480.49. 453,901 shares of the company traded hands, compared to its average volume of 433,149. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $532.38. The firm has a market cap of $22.10 billion, a PE ratio of 25.85 and a beta of 1.09. The stock has a fifty day simple moving average of $474.16 and a 200-day simple moving average of $412.08.

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

EMCOR Group Dividend Announcement

The firm also recently announced 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. 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%.

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.