EMCOR Group, Inc. (NYSE:EME) Holdings Decreased by Nordea Investment Management AB

Nordea Investment Management AB reduced its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,427 shares of the construction company's stock after selling 9,793 shares during the quarter. Nordea Investment Management AB owned 0.19% of EMCOR Group worth $32,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of EMCOR Group by 89.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company's stock valued at $7,595,000 after purchasing an additional 10,269 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of EMCOR Group by 18.9% in the first quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company's stock valued at $50,114,000 after buying an additional 22,700 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company's stock valued at $35,901,000 after buying an additional 49,346 shares in the last quarter. AXS Investments LLC boosted its stake in shares of EMCOR Group by 238.7% in the fourth quarter. AXS Investments LLC now owns 4,200 shares of the construction company's stock valued at $905,000 after buying an additional 2,960 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $9,565,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other EMCOR Group news, Director Carol P. Lowe sold 1,245 shares of the business's stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total transaction of $465,916.35. Following the sale, the director now directly owns 16,807 shares in the company, valued at $6,289,683.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a "buy" rating and issued a $375.00 price target on shares of EMCOR Group in a research note on Friday, March 22nd.

EMCOR Group Stock Up 0.0 %

Shares of EMCOR Group stock traded up $0.01 during trading on Tuesday, reaching $363.85. The company's stock had a trading volume of 462,423 shares, compared to its average volume of 467,762. The business has a 50 day moving average price of $377.62 and a 200-day moving average price of $317.38. The company has a market capitalization of $17.10 billion, a P/E ratio of 24.00 and a beta of 1.06. EMCOR Group, Inc. has a 12-month low of $184.34 and a 12-month high of $401.98.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Thursday, April 25th. The construction company reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $1.25. The company had revenue of $3.43 billion for the quarter. EMCOR Group had a return on equity of 30.38% and a net margin of 5.48%. Research analysts predict that EMCOR Group, Inc. will post 16.1 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. EMCOR Group's payout ratio is 6.60%.

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.