Janus Henderson Group PLC Buys 2,363 Shares of EMCOR Group, Inc. (NYSE:EME)

Janus Henderson Group PLC lifted its stake in EMCOR Group, Inc. (NYSE:EME) by 236.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,363 shares of the construction company’s stock after buying an additional 2,363 shares during the period. Janus Henderson Group PLC’s holdings in EMCOR Group were worth $1,448,000 at the end of the most recent reporting period.

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

EMCOR Group Price Performance

Shares of EME opened at $479.05 on Friday. The company has a market capitalization of $22.04 billion, a P/E ratio of 24.34 and a beta of 1.09. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $532.38. The business’s 50 day simple moving average is $478.06 and its 200-day simple moving average is $414.17.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm earned $3.61 earnings per share. The business’s revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, Northcoast Research started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

About EMCOR Group

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.