Tidal Investments LLC Has $5.22 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Tidal Investments LLC cut its stake in EMCOR Group, Inc. (NYSE:EME) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,134 shares of the construction company’s stock after selling 867 shares during the period. Tidal Investments LLC’s holdings in EMCOR Group were worth $5,224,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EME. Proffitt & Goodson Inc. bought a new stake in shares of EMCOR Group in the 2nd quarter valued at $27,000. ORG Wealth Partners LLC acquired a new stake in EMCOR Group during the 3rd quarter worth about $33,000. Innealta Capital LLC acquired a new stake in EMCOR Group during the 2nd quarter worth about $29,000. ORG Partners LLC acquired a new position in shares of EMCOR Group in the 2nd quarter valued at about $31,000. Finally, Anchor Investment Management LLC boosted its position in shares of EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Down 0.2 %

Shares of NYSE:EME opened at $479.05 on Friday. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $532.38. The stock’s 50 day moving average is $478.06 and its 200-day moving average is $414.17. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 24.33 and a beta of 1.09.

EMCOR Group (NYSE:EME) last released 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 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 business’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.61 earnings per share. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is currently 5.08%.

Analysts Set New Price Targets

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