MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Invests $1.51 Million in EMCOR Group, Inc. (NYSE:EME)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,293 shares of the construction company's stock, valued at approximately $1,506,000.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in EMCOR Group in the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC raised its stake in shares of EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock worth $39,000 after buying an additional 50 shares during the period. True Wealth Design LLC raised its stake in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock worth $46,000 after buying an additional 104 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Northcoast Research assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 target price for the company. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They set a "buy" rating and a $600.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "sell" rating and a $445.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $518.75.

EMCOR Group Price Performance

NYSE EME traded down $0.79 during mid-day trading on Friday, hitting $531.01. The stock had a trading volume of 122,633 shares, compared to its average volume of 362,885. The firm's 50 day moving average is $488.87 and its 200 day moving average is $434.64. EMCOR Group, Inc. has a twelve month low of $220.45 and a twelve month high of $545.29. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 26.94 and a beta of 1.12.

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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the company earned $3.61 EPS. The firm's revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) 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.