AustralianSuper Pty Ltd Acquires New Shares in EMCOR Group, Inc. (NYSE:EME)

AustralianSuper Pty Ltd acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,572 shares of the construction company's stock, valued at approximately $1,107,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in EMCOR Group by 92.8% during the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company's stock worth $35,901,000 after acquiring an additional 49,346 shares during the period. Montag A & Associates Inc. bought a new position in shares of EMCOR Group during the first quarter worth approximately $1,772,000. Cetera Advisors LLC raised its position in shares of EMCOR Group by 165.3% in the first quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company's stock valued at $2,174,000 after buying an additional 3,869 shares in the last quarter. Sei Investments Co. boosted its stake in shares of EMCOR Group by 3.8% in the first quarter. Sei Investments Co. now owns 128,492 shares of the construction company's stock valued at $44,996,000 after buying an additional 4,647 shares during the period. Finally, HBK Sorce Advisory LLC acquired a new stake in EMCOR Group during the first quarter worth approximately $209,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on EME. StockNews.com raised EMCOR Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 9th. DA Davidson upped their price objective on shares of EMCOR Group from $410.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, July 26th.

EMCOR Group Price Performance

EME traded up $7.09 during trading on Friday, hitting $453.16. 523,314 shares of the stock traded hands, compared to its average volume of 430,489. The business has a 50 day moving average price of $418.65 and a 200 day moving average price of $386.48. EMCOR Group, Inc. has a twelve month low of $206.37 and a twelve month high of $461.87. The company has a market cap of $21.14 billion, a price-to-earnings ratio of 25.95 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly 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. The company had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.77 billion. EMCOR Group had a return on equity of 32.73% and a net margin of 6.01%. EMCOR Group's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.61 EPS. On average, equities research analysts predict that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group's dividend payout ratio (DPR) is currently 5.73%.

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.