8,708 Shares in EMCOR Group, Inc. (NYSE:EME) Bought by LGT Group Foundation

LGT Group Foundation acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,708 shares of the construction company’s stock, valued at approximately $3,219,000.

Several other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in EMCOR Group by 3,878.2% during the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company’s stock valued at $197,599,000 after acquiring an additional 521,147 shares in the last quarter. GAMMA Investing LLC raised its stake in EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company’s stock valued at $138,266,000 after acquiring an additional 373,316 shares in the last quarter. Nuveen LLC bought a new stake in EMCOR Group during the 1st quarter valued at $71,821,000. Ameriprise Financial Inc. raised its stake in EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company’s stock valued at $139,349,000 after acquiring an additional 148,915 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company’s stock valued at $225,332,000 after acquiring an additional 129,186 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EME has been the topic of several recent analyst reports. Wall Street Zen raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Baird R W raised EMCOR Group to a “strong-buy” rating in a research note on Friday, June 27th. The Goldman Sachs Group increased their price target on EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research note on Tuesday, July 8th. Northcoast Research lowered EMCOR Group from a “buy” rating to a “neutral” rating and set a $500.00 price target for the company. in a research note on Thursday, August 7th. Finally, Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $594.50.

EMCOR Group Price Performance

NYSE EME opened at $633.52 on Wednesday. The stock has a market capitalization of $28.36 billion, a P/E ratio of 26.29 and a beta of 1.27. EMCOR Group, Inc. has a 1 year low of $320.89 and a 1 year high of $667.64. The business’s fifty day moving average is $548.85 and its two-hundred day moving average is $461.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18.

EMCOR Group (NYSE:EME) 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 company 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 revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.25 earnings per share. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued 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 dividend payout ratio is currently 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.