Swedbank AB Buys 122,716 Shares of EMCOR Group, Inc. (NYSE:EME)

Swedbank AB increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 399.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,443 shares of the construction company's stock after buying an additional 122,716 shares during the period. Swedbank AB owned 0.33% of EMCOR Group worth $69,648,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of EMCOR Group during the third quarter valued at approximately $33,000. Anchor Investment Management LLC increased its stake in EMCOR Group by 89.3% during the 2nd quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after purchasing an additional 50 shares in the last quarter. True Wealth Design LLC raised its holdings in EMCOR Group by 3,466.7% during the third 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 last quarter. SJS Investment Consulting Inc. lifted its stake in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the third quarter valued at about $49,000. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Up 2.2 %

EME traded up $9.56 during trading on Thursday, hitting $448.97. 176,923 shares of the company traded hands, compared to its average volume of 473,362. The firm has a market cap of $20.65 billion, a P/E ratio of 22.83 and a beta of 1.12. EMCOR Group, Inc. has a one year low of $226.99 and a one year high of $545.29. The stock's fifty day moving average is $485.73 and its 200 day moving average is $438.27.

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. 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 for the quarter, compared to analysts' expectations of $3.77 billion. During the same quarter in the previous year, the firm posted $3.61 EPS. EMCOR Group's revenue was up 15.3% on a year-over-year basis. On average, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is currently 5.08%.

Analysts Set New Price Targets

EME has been the topic of a number of analyst reports. Northcoast Research assumed coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price on the stock. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 price objective for the company. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a "buy" rating and a $600.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus target price of $518.75.

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.