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

Swedbank AB boosted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 399.4% during the 4th quarter, according to its most recent 13F filing with the 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’s holdings in EMCOR Group were worth $69,648,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new position in EMCOR Group in the 3rd quarter worth about $33,000. Anchor Investment Management LLC boosted its position in EMCOR Group by 89.3% during the second 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 grew its position in shares of EMCOR Group by 3,466.7% in the 3rd 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. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the third quarter worth $49,000. Finally, SJS Investment Consulting Inc. raised its stake in 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 during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on EME. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com lowered EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They set a “sell” rating and a $445.00 price objective for the company. Finally, Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target on the stock. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $440.39 on Thursday. The stock’s 50-day simple moving average is $485.73 and its 200-day simple moving average is $438.27. The firm has a market capitalization of $20.26 billion, a PE ratio of 22.37 and a beta of 1.12. EMCOR Group, Inc. has a fifty-two week low of $226.51 and a fifty-two week high of $545.29.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the firm posted $3.61 EPS. EMCOR Group’s quarterly revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.08%.

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.