New Age Alpha Advisors LLC Has $3.49 Million Position in EMCOR Group, Inc. (NYSE:EME)

Key Points

• New Age Alpha Advisors LLC has increased its holdings in EMCOR Group, Inc. by 27.2% in the first quarter, totaling $3.49 million, following the purchase of an additional 2,016 shares.
• EMCOR Group recently reported a quarterly EPS of $6.72, surpassing analysts' estimates of $5.68, with a year-over-year revenue increase of 17.4%.
• A consensus rating for EMCOR Group is currently classified as a "Moderate Buy" with an average price target of $611.17 from various analysts.

New Age Alpha Advisors LLC boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 27.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,440 shares of the construction company's stock after purchasing an additional 2,016 shares during the quarter. New Age Alpha Advisors LLC's holdings in EMCOR Group were worth $3,489,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EME. Pacer Advisors Inc. lifted its holdings in shares of EMCOR Group by 3,878.2% during the first quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after buying an additional 521,147 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after buying an additional 373,316 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of EMCOR Group by 28.0% during the fourth 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 last quarter. Ameriprise Financial Inc. lifted its holdings in shares of EMCOR Group by 94.2% during the fourth quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after buying an additional 148,915 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of 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 buying an additional 129,186 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME stock traded up $0.45 during trading hours on Friday, hitting $617.96. 321,421 shares of the company's stock were exchanged, compared to its average volume of 379,371. The stock's 50-day moving average is $542.98 and its 200-day moving average is $461.08. The stock has a market cap of $27.66 billion, a price-to-earnings ratio of 25.64 and a beta of 1.27. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. 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 (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $1.04. The business 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 firm's quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the business earned $5.25 earnings per share. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders 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 annualized dividend and a yield of 0.2%. EMCOR Group's dividend payout ratio is presently 4.15%.

Analyst Ratings Changes

A number of brokerages recently commented on EME. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating for the company. Northcoast Research cut EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a research report on Thursday. Stifel Nicolaus increased their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group set a $750.00 price objective on EMCOR Group and gave the stock a "buy" rating in a research note on Tuesday. Finally, William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and an average price target of $594.50.

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.