KBC Group NV Trims Position in EMCOR Group, Inc. (NYSE:EME)

KBC Group NV decreased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,158 shares of the construction company's stock after selling 1,390 shares during the period. KBC Group NV owned approximately 0.07% of EMCOR Group worth $14,706,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EME. Matrix Trust Co bought a new stake in shares of EMCOR Group during the second quarter worth $26,000. Proffitt & Goodson Inc. purchased a new stake in EMCOR Group in the second quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in EMCOR Group during the second quarter valued at $29,000. ORG Partners LLC purchased a new position in EMCOR Group during the second quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in EMCOR Group during the third quarter valued at $33,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME stock traded up $0.75 during trading hours on Friday, hitting $498.86. The stock had a trading volume of 436,785 shares, compared to its average volume of 435,031. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31. The firm has a market capitalization of $22.95 billion, a PE ratio of 25.34 and a beta of 1.07. The stock's 50 day moving average is $443.84 and its 200 day moving average is $397.35.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. EMCOR Group's quarterly revenue was up 15.3% on a year-over-year basis. As a group, equities analysts predict that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

Wall Street Analyst Weigh In

EME has been the topic of several research analyst reports. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. Stifel Nicolaus began coverage on EMCOR Group in a research note on Friday. They set a "buy" rating and a $600.00 target price on the stock. Finally, DA Davidson upped their price target on EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

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.