Wells Fargo & Company MN boosted its stake in Emcor Group Inc (NYSE:EME) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,123,368 shares of the construction company’s stock after purchasing an additional 96,213 shares during the period. Wells Fargo & Company MN owned about 1.92% of Emcor Group worth $87,545,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Reliance Trust Co. of Delaware acquired a new stake in Emcor Group during the 4th quarter worth about $203,000. Virtu Financial LLC acquired a new stake in Emcor Group during the 4th quarter worth about $206,000. Premia Global Advisors LLC acquired a new stake in Emcor Group during the 4th quarter worth about $210,000. Chevy Chase Trust Holdings Inc. acquired a new stake in Emcor Group during the 4th quarter worth about $212,000. Finally, Sciencast Management LP acquired a new stake in Emcor Group during the 4th quarter worth about $215,000. Institutional investors and hedge funds own 93.38% of the company’s stock.
Shares of EME opened at $76.31 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.43 and a quick ratio of 1.41. The stock has a market capitalization of $4.47 billion, a PE ratio of 18.80, a PEG ratio of 1.13 and a beta of 0.95. Emcor Group Inc has a one year low of $61.97 and a one year high of $85.08.
Emcor Group (NYSE:EME) last issued its earnings results on Thursday, April 26th. The construction company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.09. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.80 billion. Emcor Group had a return on equity of 14.89% and a net margin of 2.99%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS. sell-side analysts forecast that Emcor Group Inc will post 4.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Monday, April 16th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, April 13th. This represents a $0.32 annualized dividend and a dividend yield of 0.42%. Emcor Group’s dividend payout ratio is presently 7.88%.
A number of analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and set a $87.00 price target on shares of Emcor Group in a report on Tuesday, February 27th. Zacks Investment Research upgraded Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Monday, February 26th. Finally, DA Davidson reiterated a “neutral” rating on shares of Emcor Group in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $86.00.
About Emcor Group
EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.
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