Bank of Montreal Can Acquires 82 Shares of EMCOR Group, Inc. (NYSE:EME)

Bank of Montreal Can boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,261 shares of the construction company’s stock after purchasing an additional 82 shares during the period. Bank of Montreal Can’s holdings in EMCOR Group were worth $5,237,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of EMCOR Group by 109.9% during the 1st quarter. Cetera Investment Advisers now owns 18,302 shares of the construction company’s stock valued at $6,410,000 after acquiring an additional 9,584 shares during the period. Cetera Advisors LLC grew its holdings in EMCOR Group by 165.3% during the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after purchasing an additional 3,869 shares in the last quarter. GAMMA Investing LLC raised its stake in EMCOR Group by 43.5% during the second quarter. GAMMA Investing LLC now owns 343 shares of the construction company’s stock valued at $125,000 after buying an additional 104 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of EMCOR Group by 30.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock valued at $73,000 after buying an additional 47 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of EMCOR Group by 52.0% in the second quarter. Mather Group LLC. now owns 310 shares of the construction company’s stock valued at $109,000 after purchasing an additional 106 shares during the period. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. Stifel Nicolaus began coverage on shares of EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. 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 began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Price Performance

EME opened at $509.50 on Wednesday. The firm has a market cap of $23.44 billion, a PE ratio of 25.88 and a beta of 1.09. The stock has a 50-day moving average price of $469.25 and a 200-day moving average price of $409.43. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38.

EMCOR Group (NYSE:EME) last announced its quarterly 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. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.61 EPS. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s dividend payout ratio is currently 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.