Chicago Partners Investment Group LLC Makes New Investment in EMCOR Group, Inc. (NYSE:EME)

Chicago Partners Investment Group LLC acquired a new position in EMCOR Group, Inc. (NYSE:EME) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 485 shares of the construction company’s stock, valued at approximately $179,000.

A number of other hedge funds have also recently added to or reduced their stakes in EME. Pacer Advisors Inc. lifted its stake in EMCOR Group by 3,878.2% in the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after buying an additional 521,147 shares during the last quarter. GAMMA Investing LLC raised its position in EMCOR Group by 49,775.5% in the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock worth $138,266,000 after acquiring an additional 373,316 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock valued at $139,349,000 after acquiring an additional 148,915 shares during the last quarter. First Trust Advisors LP lifted its holdings in EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock valued at $225,332,000 after acquiring an additional 129,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in EMCOR Group by 203.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 185,512 shares of the construction company’s stock valued at $68,571,000 after acquiring an additional 124,295 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EME. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a “sell” rating in a research note on Tuesday, July 8th. Baird R W raised EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. UBS Group set a $750.00 target price on EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. TD Securities assumed coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating on the stock. Finally, William Blair began coverage on EMCOR Group in a research note on Friday, June 27th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $594.50.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $633.52 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $548.85 and a 200 day simple moving average of $461.84. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64. The firm has a market capitalization of $28.36 billion, a price-to-earnings ratio of 26.29 and a beta of 1.27.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping the consensus estimate of $5.68 by $1.04. The company had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.25 earnings per share. Sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group’s payout ratio is 4.15%.

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.