Banco Santander S.A. Takes Position in EMCOR Group, Inc. (NYSE:EME)

Banco Santander S.A. purchased a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,490 shares of the construction company's stock, valued at approximately $641,000.

Several other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC boosted its holdings in shares of EMCOR Group by 34.4% during the 2nd quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock valued at $192,028,000 after acquiring an additional 134,575 shares during the last quarter. AQR Capital Management LLC boosted its holdings in EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after purchasing an additional 88,909 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in EMCOR Group by 4.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock worth $152,427,000 after purchasing an additional 14,447 shares during the period. TimesSquare Capital Management LLC raised its stake in EMCOR Group by 3.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 265,485 shares of the construction company's stock valued at $114,299,000 after buying an additional 9,755 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock valued at $85,246,000 after buying an additional 116,300 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson increased their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Stifel Nicolaus began coverage on shares of EMCOR Group in a report on Friday, November 15th. They set a "buy" rating and a $600.00 target price for the company. The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday. They set a "sell" rating and a $445.00 price target on the stock. Finally, Northcoast Research initiated coverage on EMCOR Group in a research note on Friday. They issued a "buy" rating and a $600.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and a consensus target price of $518.75.

EMCOR Group Stock Down 4.2 %

NYSE:EME traded down $22.03 during trading hours on Friday, hitting $504.92. 661,365 shares of the stock traded hands, compared to its average volume of 482,968. The company has a market cap of $23.23 billion, a price-to-earnings ratio of 25.64 and a beta of 1.07. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The stock has a 50 day moving average price of $457.00 and a 200 day moving average price of $402.62.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the company earned $3.61 EPS. EMCOR Group's revenue for the quarter was up 15.3% on a year-over-year basis. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

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.