201 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp acquired a new stake in EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 201 shares of the construction company’s stock, valued at approximately $43,000.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of EMCOR Group by 10.7% in the 4th quarter. Nordea Investment Management AB now owns 101,220 shares of the construction company’s stock worth $21,880,000 after acquiring an additional 9,752 shares during the period. Asset Management One Co. Ltd. purchased a new position in EMCOR Group during the 4th quarter valued at about $992,000. Federated Hermes Inc. grew its holdings in shares of EMCOR Group by 20.1% during the fourth quarter. Federated Hermes Inc. now owns 102,556 shares of the construction company’s stock worth $22,094,000 after buying an additional 17,188 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of EMCOR Group by 1.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 260,308 shares of the construction company’s stock worth $56,078,000 after buying an additional 2,880 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in shares of EMCOR Group during the fourth quarter worth about $4,054,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EME. KeyCorp began coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $375.00 price target on shares of EMCOR Group in a research report on Friday, March 22nd.

EMCOR Group Price Performance

EME stock opened at $353.96 on Friday. EMCOR Group, Inc. has a 1-year low of $161.49 and a 1-year high of $369.53. The firm has a fifty day moving average price of $328.76 and a two-hundred day moving average price of $255.59. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 23.35 and a beta of 1.10.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $1.25. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. The company had revenue of $3.43 billion during the quarter. As a group, analysts expect that EMCOR Group, Inc. will post 16 EPS for the current fiscal year.

EMCOR Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Monday, April 15th. This is a positive change from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio is currently 6.60%.

Insider Activity at EMCOR Group

In related news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now owns 219,023 shares in the company, valued at approximately $70,010,701.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

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.