Intech Investment Management LLC Has $30.06 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Intech Investment Management LLC grew its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 52.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,809 shares of the construction company's stock after purchasing an additional 23,901 shares during the period. Intech Investment Management LLC owned approximately 0.15% of EMCOR Group worth $30,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC increased its position in shares of EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company's stock worth $192,028,000 after acquiring an additional 134,575 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of EMCOR Group by 155.5% during the second quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock worth $75,668,000 after acquiring an additional 126,148 shares in the last quarter. Renaissance Technologies LLC grew its position in EMCOR Group by 99.2% in 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in EMCOR Group by 971.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock worth $36,978,000 after purchasing an additional 91,837 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in EMCOR Group by 27.5% in 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 in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

NYSE EME opened at $515.82 on Thursday. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $525.31. The stock has a market capitalization of $23.73 billion, a PE ratio of 26.20 and a beta of 1.07. The company's 50 day simple moving average is $449.43 and its two-hundred day simple moving average is $400.01.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion for 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 in the prior year, the firm earned $3.61 EPS. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date was Tuesday, October 15th. EMCOR Group's payout ratio is 5.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus started coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 price target on the stock. Finally, DA Davidson upped their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, July 26th.

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.

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