EMCOR Group, Inc. (NYSE:EME) Shares Bought by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC increased its stake in EMCOR Group by 280.7%, holding now 807 shares valued at approximately $298,000
• Brokerages have given EMCOR Group an average rating of Moderate Buy with a consensus price target of $594.50, reflecting confidence in the stock's performance.
• EMCOR reported an earnings per share of $6.72 for the latest quarter, exceeding estimates, and announced a quarterly dividend of $0.25 per share.

Headlands Technologies LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 280.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 807 shares of the construction company's stock after acquiring an additional 595 shares during the period. Headlands Technologies LLC's holdings in EMCOR Group were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in EMCOR Group by 44.2% in the fourth quarter. Bank of Montreal Can now owns 17,681 shares of the construction company's stock worth $8,025,000 after purchasing an additional 5,420 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EMCOR Group during the fourth quarter valued at $42,380,000. Bessemer Group Inc. grew its holdings in shares of EMCOR Group by 18.4% during the fourth quarter. Bessemer Group Inc. now owns 1,550 shares of the construction company's stock valued at $703,000 after buying an additional 241 shares during the last quarter. Argent Trust Co grew its holdings in shares of EMCOR Group by 9.7% during the fourth quarter. Argent Trust Co now owns 2,208 shares of the construction company's stock valued at $1,002,000 after buying an additional 195 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of EMCOR Group by 26.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,796 shares of the construction company's stock valued at $1,723,000 after buying an additional 790 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Robert W. Baird initiated coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, William Blair began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued an "outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $594.50.

EMCOR Group Trading Down 0.9%

Shares of NYSE:EME traded down $5.55 during trading on Thursday, reaching $611.17. The stock had a trading volume of 108,248 shares, compared to its average volume of 487,433. The business has a fifty day moving average price of $551.52 and a 200-day moving average price of $462.91. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.08. The stock has a market cap of $27.36 billion, a P/E ratio of 25.36 and a beta of 1.27. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the business posted $5.25 earnings per share. The company's revenue was up 17.4% on a year-over-year basis. As a group, analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.2%. EMCOR Group's payout ratio is presently 4.15%.

EMCOR Group Company 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.