LGT Group Foundation Invests $3.22 Million in EMCOR Group, Inc. (NYSE:EME)

Key Points

• LGT Group Foundation acquired 8,708 shares of EMCOR Group, valued at approximately $3.2 million, signaling increased interest from institutional investors, which now hold 92.59% of the stock.
• EMCOR Group's earnings exceeded expectations with $6.72 EPS reported for the last quarter, up from $5.25 a year ago, alongside revenue also surpassing forecasts at $4.30 billion.
• Analyst ratings have mostly turned positive, with EMCOR being upgraded to a "strong-buy" by several firms and a consensus target price set at $594.50.

LGT Group Foundation acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,708 shares of the construction company's stock, valued at approximately $3,219,000.

Other institutional investors have also modified their holdings of the company. Select Equity Group L.P. increased its holdings in EMCOR Group by 1.6% during the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after purchasing an additional 16,563 shares during the period. Northern Trust Corp boosted its position in shares of EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after purchasing an additional 102,738 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of EMCOR Group by 3,878.2% in the 1st quarter. Pacer Advisors Inc. now owns 534,585 shares of the construction company's stock worth $197,599,000 after purchasing an additional 521,147 shares in the last quarter. First Trust Advisors LP lifted its position in EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after acquiring an additional 129,186 shares during the period. Finally, AQR Capital Management LLC lifted its position in EMCOR Group by 13.6% during the 4th quarter. AQR Capital Management LLC now owns 489,825 shares of the construction company's stock worth $222,332,000 after acquiring an additional 58,483 shares during the period. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on EME shares. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group lifted their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research report on Tuesday, July 8th. Stifel Nicolaus lifted their price target on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group began coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Finally, TD Securities began coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Price Performance

NYSE EME traded down $4.62 during trading hours on Friday, reaching $605.13. The company's stock had a trading volume of 233,189 shares, compared to its average volume of 486,637. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. EMCOR Group, Inc. has a 1-year low of $320.89 and a 1-year high of $667.64. The company's 50-day moving average is $556.32 and its two-hundred day moving average is $465.31. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 25.11 and a beta of 1.27.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $1.04. The business had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.10 billion. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The business's revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $5.25 earnings per share. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group's dividend payout ratio is presently 4.15%.

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.