MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys New Holdings in EMCOR Group, Inc. (NYSE:EME)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, HoldingsChannel reports. The firm purchased 3,293 shares of the construction company’s stock, valued at approximately $1,506,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. World Investment Advisors LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $100,282,000. Nordea Investment Management AB boosted its position in EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares during the period. AQR Capital Management LLC increased its holdings in shares of EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock valued at $150,553,000 after purchasing an additional 88,909 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock valued at $121,871,000 after purchasing an additional 88,074 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of EMCOR Group in the third quarter valued at about $31,140,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Down 0.8 %

Shares of NYSE:EME opened at $531.57 on Friday. EMCOR Group, Inc. has a 12-month low of $219.07 and a 12-month high of $545.29. The company’s 50 day moving average price is $488.87 and its two-hundred day moving average price is $434.64. The firm has a market cap of $24.45 billion, a PE ratio of 27.00 and a beta of 1.12.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The firm 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%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

Wall Street Analyst Weigh In

EME has been the subject of several research analyst reports. The Goldman Sachs Group assumed 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. StockNews.com upgraded EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Stifel Nicolaus started coverage on EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Northcoast Research began coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 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 issued a strong buy rating to the company’s stock. According to MarketBeat, EMCOR Group presently 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.