Harel Insurance Investments & Financial Services Ltd. Acquires 6,111 Shares of EMCOR Group, Inc. (NYSE:EME)

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 69.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,918 shares of the construction company’s stock after purchasing an additional 6,111 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in EMCOR Group were worth $6,771,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EME. ORG Wealth Partners LLC bought a new position in shares of EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC lifted its position in shares of 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 acquiring an additional 50 shares during the period. True Wealth Design LLC boosted its stake 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 acquiring an additional 104 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in EMCOR Group during the third quarter worth $49,000. Finally, Prospera Private Wealth LLC acquired a new stake in EMCOR Group in the third quarter worth $55,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME opened at $531.64 on Friday. The firm has a market capitalization of $24.46 billion, a P/E ratio of 27.00 and a beta of 1.12. EMCOR Group, Inc. has a 52 week low of $220.45 and a 52 week high of $545.29. The stock has a 50 day moving average price of $490.19 and a two-hundred day moving average price of $436.48.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the company posted $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s payout ratio is currently 5.08%.

Analysts Set New Price Targets

EME has been the topic of a number of research analyst reports. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus began coverage on EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average price target of $518.75.

EMCOR Group 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.