Virtu Financial LLC Sells 3,063 Shares of EMCOR Group, Inc. (NYSE:EME)

Virtu Financial LLC cut its stake in EMCOR Group, Inc. (NYSE:EME) by 68.7% in the third quarter, HoldingsChannel.com reports. The fund owned 1,395 shares of the construction company’s stock after selling 3,063 shares during the period. Virtu Financial LLC’s holdings in EMCOR Group were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group in the second quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new position in shares of EMCOR Group in the 3rd quarter worth $33,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group in the second quarter worth $29,000. ORG Partners LLC purchased a new stake in EMCOR Group during the second quarter valued at $31,000. Finally, Anchor Investment Management LLC increased its position in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after acquiring an additional 50 shares during the last quarter. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Trading Down 0.2 %

NYSE EME opened at $479.28 on Friday. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38. The stock has a market cap of $22.05 billion, a price-to-earnings ratio of 24.34 and a beta of 1.09. The company’s 50 day moving average is $478.94 and its two-hundred day moving average is $414.88.

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 firm 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%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm earned $3.61 EPS. Sell-side 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. Investors 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 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EME shares. Northcoast Research began coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a “buy” rating and a $600.00 target price for the company. 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 initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and an average target price of $518.75.

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.