Systematic Financial Management LP Has $72.21 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Systematic Financial Management LP raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 5.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 167,716 shares of the construction company's stock after acquiring an additional 9,100 shares during the period. EMCOR Group comprises 1.8% of Systematic Financial Management LP's portfolio, making the stock its biggest position. Systematic Financial Management LP owned about 0.36% of EMCOR Group worth $72,207,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in EMCOR Group by 109.9% in the first quarter. Cetera Investment Advisers now owns 18,302 shares of the construction company's stock valued at $6,410,000 after purchasing an additional 9,584 shares in the last quarter. GAMMA Investing LLC increased its holdings in EMCOR Group by 43.5% during the second quarter. GAMMA Investing LLC now owns 343 shares of the construction company's stock worth $125,000 after buying an additional 104 shares during the last quarter. Mather Group LLC. raised its position in EMCOR Group by 52.0% during the second quarter. Mather Group LLC. now owns 310 shares of the construction company's stock worth $109,000 after acquiring an additional 106 shares in the last quarter. CWM LLC lifted its stake in EMCOR Group by 165.3% in the second quarter. CWM LLC now owns 2,258 shares of the construction company's stock valued at $824,000 after acquiring an additional 1,407 shares during the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in shares of EMCOR Group in the 2nd quarter valued at about $339,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EME has been the subject of several recent analyst reports. Northcoast Research assumed coverage on shares of 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 set a "sell" rating and a $445.00 target price for the company. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus started coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $518.75.

EMCOR Group Price Performance

NYSE EME traded down $2.14 on Thursday, reaching $512.57. The stock had a trading volume of 249,087 shares, compared to its average volume of 433,170. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The company has a market cap of $23.58 billion, a P/E ratio of 26.14 and a beta of 1.09. The firm has a fifty day moving average of $470.84 and a two-hundred day moving average of $410.16.

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, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the company earned $3.61 EPS. The business's revenue was up 15.3% on a year-over-year basis. Research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

EMCOR Group Company 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.