Fifth Third Wealth Advisors LLC Sells 202 Shares of EMCOR Group, Inc. (NYSE:EME)

Fifth Third Wealth Advisors LLC cut its position in EMCOR Group, Inc. (NYSE:EME) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,350 shares of the construction company’s stock after selling 202 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in EMCOR Group were worth $613,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC boosted its stake in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after purchasing an additional 50 shares in the last quarter. True Wealth Design LLC increased its stake in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after buying an additional 104 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EMCOR Group in the third quarter valued at about $49,000. Finally, Prospera Private Wealth LLC bought a new position in shares of EMCOR Group in the third quarter valued at about $55,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $511.21 on Friday. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 25.96 and a beta of 1.12. The company has a 50 day moving average of $488.31 and a 200-day moving average of $429.85. EMCOR Group, Inc. has a one year low of $217.22 and a one year high of $532.38.

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

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s payout ratio is 5.08%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in 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. 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 price target for the company. Northcoast Research assumed coverage on EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group 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.