Amalgamated Bank Cuts Holdings in EMCOR Group, Inc. (NYSE:EME)

Amalgamated Bank lowered its position in EMCOR Group, Inc. (NYSE:EME) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,833 shares of the construction company’s stock after selling 130 shares during the quarter. Amalgamated Bank’s holdings in EMCOR Group were worth $10,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its position in EMCOR Group by 8.1% in the 1st quarter. Eagle Bay Advisors LLC now owns 456 shares of the construction company’s stock valued at $160,000 after buying an additional 34 shares during the last quarter. Miller Howard Investments Inc. NY boosted its holdings in EMCOR Group by 2.2% in the second quarter. Miller Howard Investments Inc. NY now owns 2,156 shares of the construction company’s stock valued at $787,000 after purchasing an additional 46 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in EMCOR Group by 30.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 199 shares of the construction company’s stock valued at $73,000 after purchasing an additional 47 shares in the last quarter. Cooper Financial Group raised its position in shares of EMCOR Group by 3.7% in the 2nd quarter. Cooper Financial Group now owns 1,328 shares of the construction company’s stock valued at $485,000 after purchasing an additional 47 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of EMCOR Group by 11.7% during the 3rd quarter. Signaturefd LLC now owns 469 shares of the construction company’s stock valued at $202,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

EMCOR Group Trading Up 3.1 %

Shares of EME opened at $476.01 on Wednesday. EMCOR Group, Inc. has a 52 week low of $206.37 and a 52 week high of $476.50. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 24.18 and a beta of 1.07. The stock has a 50 day moving average of $422.24 and a 200-day moving average of $389.03.

EMCOR Group (NYSE:EME) last released its quarterly earnings data 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 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 firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.61 earnings per share. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

Analysts Set New Price Targets

EME has been the subject of a number of research analyst reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. DA Davidson boosted their target price on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

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.