Wedge Capital Management L L P NC Lowers Stock Position in EMCOR Group, Inc. (NYSE:EME)

Wedge Capital Management L L P NC decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 25.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,335 shares of the construction company's stock after selling 11,577 shares during the period. Wedge Capital Management L L P NC owned approximately 0.07% of EMCOR Group worth $15,131,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. RDA Financial Network acquired a new stake in EMCOR Group in the fourth quarter valued at $309,000. Ritholtz Wealth Management increased its holdings in shares of EMCOR Group by 1.7% in the 4th quarter. Ritholtz Wealth Management now owns 22,081 shares of the construction company's stock valued at $10,023,000 after purchasing an additional 371 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $266,000. Burney Co. boosted its holdings in EMCOR Group by 104.7% during the fourth quarter. Burney Co. now owns 14,867 shares of the construction company's stock worth $6,748,000 after buying an additional 7,605 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock valued at $311,000 after buying an additional 667 shares in the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Price Performance

EMCOR Group stock traded down $3.88 during mid-day trading on Friday, hitting $507.12. 375,221 shares of the company were exchanged, compared to its average volume of 305,268. EMCOR Group, Inc. has a 12-month low of $217.22 and a 12-month high of $532.38. The business's 50 day simple moving average is $488.17 and its two-hundred day simple moving average is $431.39. The company has a market capitalization of $23.33 billion, a P/E ratio of 25.75 and a beta of 1.12.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's dividend payout ratio is presently 5.08%.

Wall Street Analyst Weigh In

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

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.