Eagle Bay Advisors LLC Has $164,000 Position in EMCOR Group, Inc. (NYSE:EME)

Eagle Bay Advisors LLC cut its position in EMCOR Group, Inc. (NYSE:EME) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 381 shares of the construction company’s stock after selling 23 shares during the quarter. Eagle Bay Advisors LLC’s holdings in EMCOR Group were worth $164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EME. Matrix Trust Co bought a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $26,000. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group during the 2nd quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky bought a new stake in EMCOR Group during the 1st quarter worth approximately $33,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Down 0.5 %

EME traded down $2.32 during trading on Wednesday, reaching $445.62. 49,889 shares of the company’s stock were exchanged, compared to its average volume of 430,326. The firm has a fifty day moving average price of $407.64 and a two-hundred day moving average price of $382.03. EMCOR Group, Inc. has a one year low of $191.50 and a one year high of $456.16. The stock has a market capitalization of $20.94 billion, a PE ratio of 29.55 and a beta of 1.07.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the firm posted $2.95 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Sell-side analysts expect that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 6.60%.

Insider Activity

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the transaction, the director now owns 8,637 shares in the company, valued at $3,202,513.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

EME has been the topic of a number of research reports. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

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.