Robeco Institutional Asset Management B.V. Purchases 34,553 Shares of EMCOR Group, Inc. (NYSE:EME)

Robeco Institutional Asset Management B.V. lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 173.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,521 shares of the construction company's stock after purchasing an additional 34,553 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of EMCOR Group worth $23,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC lifted its position in EMCOR Group by 55.6% in the 1st quarter. Acadian Asset Management LLC now owns 391,469 shares of the construction company's stock worth $137,074,000 after buying an additional 139,919 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of EMCOR Group by 155.5% during the second quarter. Panagora Asset Management Inc. now owns 207,263 shares of the construction company's stock worth $75,668,000 after acquiring an additional 126,148 shares in the last quarter. Renaissance Technologies LLC boosted its position in EMCOR Group by 99.2% during the second quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company's stock valued at $85,246,000 after purchasing an additional 116,300 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in EMCOR Group by 971.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 101,287 shares of the construction company's stock valued at $36,978,000 after purchasing an additional 91,837 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in EMCOR Group by 27.5% in the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company's stock worth $150,553,000 after purchasing an additional 88,909 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. DA Davidson boosted their price target on EMCOR Group from $410.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 9th.

EMCOR Group Trading Up 5.6 %

EMCOR Group stock traded up $26.84 during mid-day trading on Wednesday, hitting $502.62. 616,561 shares of the company's stock were exchanged, compared to its average volume of 430,844. EMCOR Group, Inc. has a 1-year low of $206.37 and a 1-year high of $504.53. The stock has a 50 day moving average of $424.70 and a two-hundred day moving average of $389.82. The stock has a market cap of $23.45 billion, a P/E ratio of 25.53 and a beta of 1.07.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the prior year, the firm posted $3.61 EPS. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. As a group, research analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date was Tuesday, October 15th. 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.