EMCOR Group, Inc. (NYSE:EME) Shares Purchased by ING Groep NV

ING Groep NV boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 547.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,000 shares of the construction company's stock after purchasing an additional 18,600 shares during the period. ING Groep NV's holdings in EMCOR Group were worth $9,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in EMCOR Group by 55.6% during the first quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company's stock valued at $137,074,000 after buying an additional 139,919 shares during the period. Panagora Asset Management Inc. lifted its stake in EMCOR Group by 155.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock valued at $75,668,000 after acquiring an additional 126,148 shares during the period. Renaissance Technologies LLC grew its position in EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock worth $85,246,000 after purchasing an additional 116,300 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in EMCOR Group by 971.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock worth $36,978,000 after acquiring an additional 91,837 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of EMCOR Group by 27.5% during the 2nd 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 period. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DA Davidson upped their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Stifel Nicolaus initiated coverage on shares of EMCOR Group in a report on Friday. They set a "buy" rating and a $600.00 price target for the company. Finally, StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of EME stock traded up $0.63 on Friday, hitting $498.74. The stock had a trading volume of 436,658 shares, compared to its average volume of 435,031. The company's 50 day moving average price is $440.92 and its 200-day moving average price is $396.41. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $525.31. The firm has a market capitalization of $22.94 billion, a P/E ratio of 25.34 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.61 earnings per share. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's dividend payout ratio is presently 5.08%.

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.