Gulf Worldwide Financial institution UK Ltd lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 5.6% in the course of the third quarter, Holdings Channel.com reviews. The fund owned 3,635 shares of the development firm’s inventory after promoting 214 shares in the course of the interval. Gulf Worldwide Financial institution UK Ltd’s holdings in EMCOR Group have been price $1,564,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional traders have additionally not too long ago added to or decreased their stakes within the firm. Montag A & Associates Inc. purchased a brand new place in shares of EMCOR Group within the first quarter valued at roughly $1,772,000. Cetera Advisors LLC raised its place in shares of EMCOR Group by 165.3% within the first quarter. Cetera Advisors LLC now owns 6,209 shares of the development firm’s inventory valued at $2,174,000 after buying an extra 3,869 shares in the course of the interval. Sei Investments Co. raised its place in shares of EMCOR Group by 3.8% within the first quarter. Sei Investments Co. now owns 128,492 shares of the development firm’s inventory valued at $44,996,000 after buying an extra 4,647 shares in the course of the interval. HBK Sorce Advisory LLC purchased a brand new place in shares of EMCOR Group within the first quarter valued at roughly $209,000. Lastly, Robeco Institutional Asset Administration B.V. raised its place in shares of EMCOR Group by 173.0% within the third quarter. Robeco Institutional Asset Administration B.V. now owns 54,521 shares of the development firm’s inventory valued at $23,473,000 after buying an extra 34,553 shares in the course of the interval. Institutional traders personal 92.59% of the corporate’s inventory.
Analysts Set New Worth Targets
EME has been the subject of plenty of current analyst reviews. StockNews.com raised shares of EMCOR Group from a “purchase” ranking to a “strong-buy” ranking in a analysis report on Wednesday, October ninth. DA Davidson lifted their worth goal on shares of EMCOR Group from $410.00 to $430.00 and gave the corporate a “purchase” ranking in a analysis report on Friday, July twenty sixth.
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EMCOR Group Buying and selling Up 0.5 %
Shares of EMCOR Group inventory opened at $504.48 on Friday. The corporate’s fifty day easy shifting common is $427.08 and its 200-day easy shifting common is $390.62. The corporate has a market cap of $23.21 billion, a price-to-earnings ratio of 25.62 and a beta of 1.07. EMCOR Group, Inc. has a 1 12 months low of $207.31 and a 1 12 months excessive of $509.46.
EMCOR Group (NYSE:EME – Get Free Report) final introduced its quarterly earnings information on Thursday, October thirty first. The development firm reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. The enterprise had income of $3.70 billion for the quarter, in comparison with the consensus estimate of $3.77 billion. EMCOR Group had a internet margin of 6.51% and a return on fairness of 34.99%. EMCOR Group’s quarterly income was up 15.3% on a year-over-year foundation. Throughout the identical quarter final 12 months, the corporate posted $3.61 earnings per share. As a gaggle, analysis analysts forecast that EMCOR Group, Inc. will publish 20.75 earnings per share for the present fiscal 12 months.
EMCOR Group Proclaims Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Wednesday, October thirtieth. Stockholders of document on Tuesday, October fifteenth have been paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October fifteenth. This represents a $1.00 annualized dividend and a dividend yield of 0.20%. EMCOR Group’s payout ratio is 5.08%.
EMCOR Group Profile
EMCOR Group, Inc gives building and amenities, constructing, and industrial providers in the US and the UK. It provides design, integration, set up, start-up, operation, and upkeep providers associated to energy transmission, distribution, and technology techniques; vitality options; premises electrical and lighting techniques; course of instrumentation; low-voltage techniques; voice and information communications techniques; roadway and transit lighting, signaling, and fiber optic traces; computerized visitors management techniques, and sign and communication tools; heating, air flow, air-con, refrigeration, and geothermal options; clean-room course of air flow techniques; hearth safety and suppression techniques; plumbing, course of, and high-purity piping techniques; controls and filtration techniques; water and wastewater therapy techniques; central plant heating and cooling techniques; crane and rigging providers; millwright providers; and metal fabrication, erection, and welding providers.
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