Oliver Luxxe Assets LLC Has $2.07 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Oliver Luxxe Assets LLC cut its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,570 shares of the construction company’s stock after selling 172 shares during the period. Oliver Luxxe Assets LLC’s holdings in EMCOR Group were worth $2,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. ORG Wealth Partners LLC bought a new position in EMCOR Group during the 3rd quarter worth $33,000. Anchor Investment Management LLC grew its stake in shares of EMCOR Group by 89.3% in the second 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 increased its position in EMCOR Group by 3,466.7% during the third 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 period. Northwest Investment Counselors LLC acquired a new stake in EMCOR Group in the 3rd quarter worth about $49,000. Finally, Prospera Private Wealth LLC bought a new stake in EMCOR Group in the 3rd quarter valued at about $55,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Up 1.0 %

EMCOR Group stock traded up $4.82 during trading hours on Monday, hitting $478.47. The stock had a trading volume of 322,509 shares, compared to its average volume of 331,128. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 24.30 and a beta of 1.12. The business’s 50 day simple moving average is $484.39 and its 200-day simple moving average is $423.60. EMCOR Group, Inc. has a one year low of $210.38 and a one year high of $532.38.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period last year, the company earned $3.61 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

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

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.