Mediolanum International Funds Ltd Acquires 10,695 Shares of EMCOR Group, Inc. (NYSE:EME)

Mediolanum International Funds Ltd lifted its stake in EMCOR Group, Inc. (NYSE:EME) by 195.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,158 shares of the construction company’s stock after purchasing an additional 10,695 shares during the period. Mediolanum International Funds Ltd’s holdings in EMCOR Group were worth $7,370,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. increased its position in shares of EMCOR Group by 4.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after acquiring an additional 26 shares during the period. Cumberland Partners Ltd increased its holdings in EMCOR Group by 60.0% during the 3rd quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares during the period. Wolff Wiese Magana LLC increased its holdings in EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after purchasing an additional 667 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of EMCOR Group by 173.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after buying an additional 34,553 shares during the period. Finally, Independent Advisor Alliance grew its position in shares of EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after buying an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EME shares. Stifel Nicolaus began coverage on shares of EMCOR Group in a research report on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 27th. Northcoast Research assumed coverage on EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on 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 and four have given a buy rating to the company. According to MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Stock Down 0.0 %

Shares of EME opened at $448.52 on Friday. The company has a 50 day moving average of $483.05 and a two-hundred day moving average of $438.82. EMCOR Group, Inc. has a twelve month low of $226.99 and a twelve month high of $545.29. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 22.78 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 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the firm earned $3.61 EPS. The business’s quarterly revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group’s payout ratio is 5.08%.

About EMCOR Group

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.