Wesbanco Bank Inc. Sells 1,050 Shares of EMCOR Group, Inc. (NYSE:EME)

Wesbanco Bank Inc. reduced its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,579 shares of the construction company's stock after selling 1,050 shares during the period. Wesbanco Bank Inc.'s holdings in EMCOR Group were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC increased its position in EMCOR Group by 183.8% during the 2nd quarter. AE Wealth Management LLC now owns 1,629 shares of the construction company's stock valued at $595,000 after purchasing an additional 1,055 shares during the period. Bank of Montreal Can increased its position in shares of EMCOR Group by 56.2% during the second quarter. Bank of Montreal Can now owns 12,179 shares of the construction company's stock worth $4,708,000 after buying an additional 4,380 shares during the period. Xponance Inc. increased its position in shares of EMCOR Group by 28.9% during the second quarter. Xponance Inc. now owns 9,048 shares of the construction company's stock worth $3,303,000 after buying an additional 2,026 shares during the period. Marshall Wace LLP lifted its holdings in EMCOR Group by 97.4% in the second quarter. Marshall Wace LLP now owns 42,310 shares of the construction company's stock valued at $15,447,000 after buying an additional 20,880 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in EMCOR Group during the second quarter valued at $929,000. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

EMCOR Group Stock Down 0.1 %

EME stock traded down $0.77 during midday trading on Friday, reaching $531.03. 160,805 shares of the company's stock traded hands, compared to its average volume of 365,593. The firm's fifty day moving average price is $488.87 and its 200-day moving average price is $434.64. EMCOR Group, Inc. has a 52 week low of $220.45 and a 52 week high of $545.29. The company has a market cap of $24.43 billion, a price-to-earnings ratio of 26.97 and a beta of 1.12.

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

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group's dividend payout ratio (DPR) 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.