Diversified Trust Co Grows Holdings in EMCOR Group, Inc. (NYSE:EME)

Diversified Trust Co grew its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,527 shares of the construction company’s stock after buying an additional 1,118 shares during the quarter. Diversified Trust Co’s holdings in EMCOR Group were worth $1,601,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cumberland Partners Ltd raised its stake in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after acquiring an additional 1,500 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after purchasing an additional 34,553 shares during the last quarter. Independent Advisor Alliance boosted its position in EMCOR Group by 25.0% during the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock valued at $2,261,000 after buying an additional 1,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of EMCOR Group by 46.8% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,066 shares of the construction company’s stock worth $28,874,000 after buying an additional 21,385 shares during the period. Finally, MinichMacGregor Wealth Management LLC purchased a new position in EMCOR Group in the 3rd quarter worth approximately $8,352,000. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EME shares. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 price objective for the company. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $474.87 on Thursday. The company has a 50 day simple moving average of $485.97 and a two-hundred day simple moving average of $425.14. EMCOR Group, Inc. has a fifty-two week low of $211.10 and a fifty-two week high of $532.38. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 24.12 and a beta of 1.12.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.61 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group’s payout ratio is 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.