Hantz Financial Services Inc. Cuts Position in EMCOR Group, Inc. (NYSE:EME)

Hantz Financial Services Inc. cut its stake in EMCOR Group, Inc. (NYSE:EME) by 18.4% during the third quarter, HoldingsChannel reports. The fund owned 31,696 shares of the construction company’s stock after selling 7,137 shares during the quarter. Hantz Financial Services Inc.’s holdings in EMCOR Group were worth $13,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caprock Group LLC lifted its position in EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the period. First Horizon Advisors Inc. lifted its position in EMCOR Group by 13.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after acquiring an additional 27 shares during the period. Cassaday & Co Wealth Management LLC lifted its position in EMCOR Group by 3.8% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock worth $357,000 after acquiring an additional 30 shares during the period. Mount Lucas Management LP lifted its position in EMCOR Group by 2.5% during the 3rd quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock worth $598,000 after acquiring an additional 34 shares during the period. Finally, CIBC Asset Management Inc lifted its position in EMCOR Group by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock worth $587,000 after acquiring an additional 43 shares during the period. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EME has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target for the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group began coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target for the company. Finally, Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Stock Down 1.3 %

Shares of EME stock opened at $507.95 on Friday. The stock has a market cap of $23.37 billion, a PE ratio of 25.80 and a beta of 1.07. The business has a 50-day simple moving average of $464.81 and a 200-day simple moving average of $406.25. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38.

EMCOR Group (NYSE:EME) last issued 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. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 EPS. Sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. EMCOR Group’s payout ratio is 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.