Virtu Financial LLC Sells 3,063 Shares of EMCOR Group, Inc. (NYSE:EME)

Virtu Financial LLC cut its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 68.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,395 shares of the construction company's stock after selling 3,063 shares during the period. Virtu Financial LLC's holdings in EMCOR Group were worth $600,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of EMCOR Group by 1.5% in the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock worth $694,351,000 after purchasing an additional 24,541 shares during the period. Geode Capital Management LLC raised its stake in shares of EMCOR Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock valued at $428,313,000 after acquiring an additional 49,137 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock valued at $192,028,000 after acquiring an additional 134,575 shares in the last quarter. AQR Capital Management LLC boosted its position in EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in EMCOR Group by 4.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock valued at $152,427,000 after purchasing an additional 14,447 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Down 0.2 %

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

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same period in the previous year, the firm posted $3.61 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. Analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm 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 dividend payout ratio (DPR) is presently 5.08%.

Wall Street Analyst Weigh In

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

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.