Investment Management Corp of Ontario Purchases 11,241 Shares of EMCOR Group, Inc. (NYSE:EME)

Investment Management Corp of Ontario boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1,124.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,241 shares of the construction company's stock after buying an additional 11,241 shares during the period. Investment Management Corp of Ontario's holdings in EMCOR Group were worth $5,270,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Proffitt & Goodson Inc. acquired a new position in EMCOR Group during the second quarter worth $27,000. Innealta Capital LLC acquired a new position in EMCOR Group during the second quarter worth $29,000. ORG Partners LLC acquired a new position in EMCOR Group during the second quarter worth $31,000. ORG Wealth Partners LLC acquired a new position in EMCOR Group during the third quarter worth $33,000. Finally, Anchor Investment Management LLC raised its holdings in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 0.1 %

NYSE EME traded up $0.31 during trading hours on Wednesday, reaching $509.90. 182,625 shares of the company were exchanged, compared to its average volume of 433,417. The stock has a market capitalization of $23.46 billion, a P/E ratio of 25.88 and a beta of 1.09. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The business's 50 day simple moving average is $469.25 and its 200-day simple moving average is $409.43.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.82. The firm 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 company's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business earned $3.61 earnings per share. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on shares of EMCOR Group in a report on Friday, November 15th. They issued a "buy" rating and a $600.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus price target of $518.75.

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.