EMCOR Group, Inc. (NYSE:EME) Sees Significant Growth in Short Interest

EMCOR Group, Inc. (NYSE:EME) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 490,200 shares, an increase of 12.9% from the December 15th total of 434,000 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 377,200 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new position in shares of EMCOR Group during the third quarter valued at approximately $100,282,000. Nordea Investment Management AB raised its holdings in EMCOR Group by 2,246.2% in the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock valued at $65,036,000 after acquiring an additional 136,501 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after purchasing an additional 88,909 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of EMCOR Group by 45.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after purchasing an additional 88,074 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of EMCOR Group in the third quarter valued at $31,140,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

EMCOR Group Trading Down 0.8 %

NYSE:EME opened at $507.12 on Monday. EMCOR Group has a twelve month low of $217.22 and a twelve month high of $532.38. The company has a market capitalization of $23.33 billion, a P/E ratio of 25.75 and a beta of 1.12. The firm has a 50-day moving average price of $488.17 and a two-hundred day moving average price of $431.82.

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, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts predict that EMCOR Group will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, January 16th. 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.