7,500 Shares in EMCOR Group, Inc. (NYSE:EME) Purchased by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,500 shares of the construction company's stock, valued at approximately $3,229,000.

A number of other large investors also recently modified their holdings of EME. Proffitt & Goodson Inc. acquired a new position in EMCOR Group in the second quarter valued at $27,000. Innealta Capital LLC acquired a new stake in shares of EMCOR Group in the 2nd quarter worth $29,000. ORG Partners LLC purchased a new stake in shares of EMCOR Group in the second quarter valued at approximately $31,000. ORG Wealth Partners LLC purchased a new position in EMCOR Group in the third quarter worth $33,000. Finally, Anchor Investment Management LLC lifted its holdings in EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company's stock valued at $39,000 after acquiring an additional 50 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

EME traded down $8.25 on Friday, reaching $505.27. The company had a trading volume of 120,208 shares, compared to its average volume of 432,334. The company's fifty day moving average is $472.52 and its 200 day moving average is $410.88. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $532.38. The stock has a market cap of $23.24 billion, a P/E ratio of 26.08 and a beta of 1.09.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.61 earnings per share. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Tuesday, October 15th. EMCOR Group's payout ratio is 5.08%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com upgraded EMCOR Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price for the company. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on EMCOR Group in a research note on Friday, November 15th. They issued a "buy" rating and a $600.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.