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

Swedbank AB grew its position in EMCOR Group, Inc. (NYSE:EME) by 399.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,443 shares of the construction company’s stock after purchasing an additional 122,716 shares during the period. Swedbank AB owned about 0.33% of EMCOR Group worth $69,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC acquired a new position in EMCOR Group during the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC lifted 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 worth $39,000 after acquiring an additional 50 shares during the last quarter. True Wealth Design LLC boosted its stake in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock valued at $46,000 after purchasing an additional 104 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $49,000. Finally, SJS Investment Consulting Inc. raised its holdings in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after acquiring an additional 94 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EME shares. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. 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 target for the company. Stifel Nicolaus assumed coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “sell” rating and a $445.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Trading Up 0.5 %

EME stock opened at $440.39 on Thursday. The firm has a 50 day moving average of $485.73 and a 200-day moving average of $438.27. EMCOR Group, Inc. has a 12 month low of $226.51 and a 12 month high of $545.29. The firm has a market capitalization of $20.26 billion, a P/E ratio of 22.37 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 (EPS) 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 analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the company earned $3.61 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio is 5.08%.

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.