Walleye Capital LLC Purchases 2,571 Shares of EMCOR Group, Inc. (NYSE:EME)

Walleye Capital LLC boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 140.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,407 shares of the construction company's stock after acquiring an additional 2,571 shares during the quarter. Walleye Capital LLC's holdings in EMCOR Group were worth $1,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in EMCOR Group by 109.9% in the 1st 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 during the last quarter. GAMMA Investing LLC lifted its position in EMCOR Group by 43.5% during the 2nd quarter. GAMMA Investing LLC now owns 343 shares of the construction company's stock worth $125,000 after buying an additional 104 shares in the last quarter. Mather Group LLC. grew its holdings in EMCOR Group by 52.0% during the 2nd quarter. Mather Group LLC. now owns 310 shares of the construction company's stock worth $109,000 after acquiring an additional 106 shares during the last quarter. CWM LLC increased its position in EMCOR Group by 165.3% in the 2nd 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 in the last quarter. Finally, Gateway Investment Advisers LLC bought a new position in EMCOR Group in the 2nd quarter worth approximately $339,000. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

EMCOR Group Trading Down 0.0 %

Shares of EME stock traded down $0.21 on Thursday, reaching $514.50. The company had a trading volume of 158,152 shares, compared to its average volume of 432,944. The stock has a market cap of $23.67 billion, a PE ratio of 26.14 and a beta of 1.09. The company has a 50-day moving average of $470.84 and a 200-day moving average of $410.16. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results 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 return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the company posted $3.61 earnings per share. The company's revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. 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.