Harel Insurance Investments & Financial Services Ltd. Purchases 6,111 Shares of EMCOR Group, Inc. (NYSE:EME)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 69.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,918 shares of the construction company's stock after buying an additional 6,111 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in EMCOR Group were worth $6,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its position in shares of EMCOR Group by 1.5% during the third quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock worth $694,351,000 after buying an additional 24,541 shares during the period. Geode Capital Management LLC grew its holdings in EMCOR Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock worth $428,313,000 after acquiring an additional 49,137 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of 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 acquiring an additional 14,447 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of EMCOR Group by 11.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company's stock valued at $144,016,000 after purchasing an additional 34,226 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of EMCOR Group by 45.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company's stock valued at $121,871,000 after purchasing an additional 88,074 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of NYSE:EME traded down $0.16 during trading on Friday, reaching $531.64. 285,693 shares of the stock were exchanged, compared to its average volume of 296,658. The stock has a fifty day moving average of $490.19 and a two-hundred day moving average of $436.48. EMCOR Group, Inc. has a 1-year low of $220.45 and a 1-year high of $545.29. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 27.00 and a beta of 1.12.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm earned $3.61 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is presently 5.08%.

Analysts Set New Price Targets

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

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.