R Squared Ltd Takes $177,000 Position in EMCOR Group, Inc. (NYSE:EME)

R Squared Ltd acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 390 shares of the construction company’s stock, valued at approximately $177,000.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group in the third quarter valued at about $33,000. Anchor Investment Management LLC lifted its stake in EMCOR Group by 89.3% in the 2nd 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 in the last quarter. True Wealth Design LLC boosted its position in EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after acquiring an additional 104 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after purchasing an additional 94 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price for the company. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group initiated coverage on EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group Price Performance

EMCOR Group stock opened at $440.39 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $226.51 and a fifty-two week high of $545.29. The firm has a market capitalization of $20.26 billion, a PE ratio of 22.37 and a beta of 1.12. The company’s 50-day moving average is $485.73 and its 200-day moving average is $438.27.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

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.