LPL Financial LLC Increases Stake in EMCOR Group, Inc. (NYSE:EME)

LPL Financial LLC raised its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 33.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,154 shares of the construction company's stock after buying an additional 14,930 shares during the period. LPL Financial LLC owned approximately 0.13% of EMCOR Group worth $22,235,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after buying an additional 288,765 shares during the period. Select Equity Group L.P. boosted its stake in shares of EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after purchasing an additional 16,563 shares during the last quarter. Northern Trust Corp lifted its stake in EMCOR Group by 22.9% in the fourth quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after buying an additional 102,738 shares during the period. Pacer Advisors Inc. raised its holdings 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 worth $197,599,000 after purchasing an additional 521,147 shares during the period. Finally, First Trust Advisors LP lifted its holdings in EMCOR Group by 35.2% during the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after acquiring an additional 129,186 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Securities began coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set 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. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. Jefferies Financial Group started coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. Finally, Hovde Group raised shares of EMCOR Group to a "hold" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.17.

EMCOR Group Stock Down 0.6%

Shares of EME traded down $4.02 during trading hours on Wednesday, hitting $620.98. The stock had a trading volume of 299,307 shares, compared to its average volume of 495,976. The firm has a market capitalization of $27.79 billion, a P/E ratio of 25.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The firm has a 50 day simple moving average of $534.04 and a 200-day simple moving average of $458.57.

EMCOR Group (NYSE:EME - Get Free Report) last released 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 period in the previous year, the business earned $5.25 EPS. EMCOR Group's revenue was up 17.4% compared to the same quarter last year. Sell-side 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 Thursday, July 31st. Stockholders of record on Tuesday, July 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.2%. EMCOR Group's dividend 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.