DRW Securities LLC Acquires 643 Shares of EMCOR Group, Inc. (NYSE:EME)

DRW Securities LLC increased its holdings in EMCOR Group, Inc. (NYSE:EME) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,643 shares of the construction company’s stock after purchasing an additional 643 shares during the quarter. DRW Securities LLC’s holdings in EMCOR Group were worth $1,568,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cumberland Partners Ltd grew its stake in shares of EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after purchasing an additional 3,869 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of 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. Gulf International Bank UK Ltd bought a new stake in shares of EMCOR Group in the second quarter worth $1,405,000. Finally, MinichMacGregor Wealth Management LLC bought a new stake in shares of EMCOR Group in the third quarter worth $8,352,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 1.2 %

Shares of NYSE EME opened at $510.91 on Tuesday. The firm’s 50-day moving average price is $457.00 and its 200-day moving average price is $402.97. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38. The firm has a market capitalization of $23.50 billion, a P/E ratio of 25.95 and a beta of 1.07.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s payout ratio is presently 5.08%.

Analyst Ratings Changes

EME has been the topic of several recent analyst reports. Northcoast Research initiated coverage on shares of EMCOR Group in a report on Friday. They issued a “buy” rating and a $600.00 target price on the stock. Stifel Nicolaus initiated coverage on shares of 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 initiated coverage on shares of EMCOR Group in a report on Friday. They issued a “sell” rating and a $445.00 target price on the stock. Finally, StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

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.