Railway Pension Investments Ltd Takes Position in EMCOR Group, Inc. (NYSE:EME)

Railway Pension Investments Ltd bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,400 shares of the construction company’s stock, valued at approximately $1,241,000.

Several other large investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in EMCOR Group by 89.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,688 shares of the construction company’s stock valued at $7,595,000 after acquiring an additional 10,269 shares during the last quarter. Hennessy Advisors Inc. raised its position in EMCOR Group by 18.9% in the 1st quarter. Hennessy Advisors Inc. now owns 143,100 shares of the construction company’s stock worth $50,114,000 after purchasing an additional 22,700 shares during the period. BNP Paribas Financial Markets lifted its stake in EMCOR Group by 92.8% in the first quarter. BNP Paribas Financial Markets now owns 102,516 shares of the construction company’s stock worth $35,901,000 after purchasing an additional 49,346 shares during the last quarter. AXS Investments LLC boosted its position in shares of EMCOR Group by 238.7% during 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 during the period. Finally, Wellington Management Group LLP purchased a new stake in shares of EMCOR Group in the fourth quarter worth approximately $9,565,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson boosted their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th.

EMCOR Group Trading Up 0.8 %

Shares of NYSE EME traded up $3.18 during mid-day trading on Tuesday, reaching $380.79. The company had a trading volume of 88,979 shares, compared to its average volume of 454,370. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 24.88 and a beta of 1.06. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $401.98. The business’s 50-day moving average is $367.71 and its 200-day moving average is $351.83.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, July 25th. The construction company reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $1.49. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.52 billion. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.95 EPS. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 19.5 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, July 15th. This represents a $1.00 annualized dividend and a yield of 0.26%. EMCOR Group’s payout ratio is currently 6.60%.

Insider Buying and Selling at EMCOR Group

In other news, Director Carol P. Lowe sold 1,245 shares of the 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 transaction, the director now owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robin A. Walker-Lee sold 1,300 shares of EMCOR Group stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the transaction, the director now directly owns 8,637 shares of the company’s stock, valued at $3,202,513.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carol P. Lowe sold 1,245 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $374.23, for a total value of $465,916.35. Following the sale, the director now owns 16,807 shares of the company’s stock, valued at approximately $6,289,683.61. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.