KBC Group NV Acquires 34,295 Shares of EMCOR Group, Inc. (NYSE:EME)

KBC Group NV raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 100.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,453 shares of the construction company's stock after purchasing an additional 34,295 shares during the quarter. KBC Group NV owned 0.15% of EMCOR Group worth $31,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EME. State Street Corp boosted its holdings in shares of EMCOR Group by 1.5% during the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after acquiring an additional 24,541 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of EMCOR Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 996,668 shares of the construction company's stock valued at $428,313,000 after acquiring an additional 49,137 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of EMCOR Group by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company's stock valued at $152,427,000 after acquiring an additional 14,447 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of EMCOR Group by 11.4% during 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 acquiring an additional 34,226 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 acquiring an additional 88,074 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Monday. 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 price objective on the stock. 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 price objective on the stock. 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 price objective on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $518.75.

EMCOR Group Trading Up 1.8 %

NYSE EME traded up $7.65 on Tuesday, reaching $437.65. 1,086,891 shares of the stock were exchanged, compared to its average volume of 489,229. EMCOR Group, Inc. has a one year low of $220.62 and a one year high of $545.29. The firm has a market capitalization of $20.13 billion, a PE ratio of 22.23 and a beta of 1.12. The company's 50-day simple moving average is $487.24 and its two-hundred day simple moving average is $438.26.

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

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's payout ratio is 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.