Virtus Investment Advisers Inc. Has $1.25 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Virtus Investment Advisers Inc. trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.3% in the third quarter, HoldingsChannel reports. The firm owned 2,902 shares of the construction company’s stock after selling 230 shares during the quarter. EMCOR Group accounts for about 1.0% of Virtus Investment Advisers Inc.’s holdings, making the stock its 18th largest holding. Virtus Investment Advisers Inc.’s holdings in EMCOR Group were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proffitt & Goodson Inc. bought a new position in shares of EMCOR Group during the second quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of EMCOR Group during the third quarter worth $33,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group in the second quarter valued at about $29,000. ORG Partners LLC acquired a new position in shares of EMCOR Group in the second quarter valued at about $31,000. Finally, Anchor Investment Management LLC increased its position 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 acquiring an additional 50 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Trading Down 0.2 %

Shares of NYSE:EME opened at $513.49 on Friday. The firm has a 50 day moving average of $472.52 and a 200-day moving average of $410.88. EMCOR Group, Inc. has a 12 month low of $209.31 and a 12 month high of $532.38. The stock has a market capitalization of $23.62 billion, a PE ratio of 26.08 and a beta of 1.09.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 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 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 company’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.61 earnings per share. On average, research analysts predict that EMCOR Group, Inc. will post 20.74 EPS 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price objective for the company. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued 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. 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.