KBC Group NV Buys 34,295 Shares of EMCOR Group, Inc. (NYSE:EME)

KBC Group NV raised its position in shares of EMCOR Group, Inc. (NYSE:EME) by 100.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,453 shares of the construction company’s stock after acquiring an additional 34,295 shares during the period. KBC Group NV owned approximately 0.15% of EMCOR Group worth $31,071,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in EMCOR Group by 56.2% in the 2nd quarter. Bank of Montreal Can now owns 12,179 shares of the construction company’s stock valued at $4,708,000 after buying an additional 4,380 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of EMCOR Group by 5,880.5% in the second quarter. Toronto Dominion Bank now owns 4,605 shares of the construction company’s stock valued at $1,681,000 after acquiring an additional 4,528 shares in the last quarter. APG Asset Management N.V. bought a new position in EMCOR Group during the second quarter worth about $1,516,000. MBB Public Markets I LLC acquired a new stake in EMCOR Group in the 2nd quarter worth about $1,227,000. Finally, Millennium Management LLC boosted its holdings in EMCOR Group by 10.2% in the 2nd quarter. Millennium Management LLC now owns 215,834 shares of the construction company’s stock valued at $78,797,000 after purchasing an additional 19,982 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Price Performance

NYSE EME opened at $429.70 on Tuesday. EMCOR Group, Inc. has a fifty-two week low of $220.62 and a fifty-two week high of $545.29. The business has a fifty day moving average price of $490.19 and a two-hundred day moving average price of $437.44. The stock has a market capitalization of $19.77 billion, a PE ratio of 21.82 and a beta of 1.12.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating 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 return on equity of 34.99% and a net margin of 6.51%. EMCOR Group’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $3.61 earnings per share. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed 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 yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is 5.08%.

Analysts Set New Price Targets

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