XTX Topco Ltd Has $2.79 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

XTX Topco Ltd lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 82.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,474 shares of the construction company’s stock after purchasing an additional 2,931 shares during the period. XTX Topco Ltd’s holdings in EMCOR Group were worth $2,787,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Proffitt & Goodson Inc. bought a new stake in EMCOR Group during the second quarter worth $27,000. Innealta Capital LLC acquired a new position in shares of EMCOR Group during the 2nd quarter worth about $29,000. ORG Partners LLC bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $31,000. ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at about $33,000. Finally, Anchor Investment Management LLC grew its holdings in EMCOR Group by 89.3% during the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

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

EMCOR Group Trading Down 0.8 %

NYSE:EME opened at $509.33 on Friday. The stock has a 50 day simple moving average of $474.16 and a 200 day simple moving average of $411.75. The stock has a market cap of $23.43 billion, a P/E ratio of 25.87 and a beta of 1.09. EMCOR Group, Inc. has a 1-year low of $209.31 and a 1-year high of $532.38.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion for 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 quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business earned $3.61 EPS. As a group, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is 5.08%.

EMCOR Group Profile

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.