Achmea Investment Management B.V. Increases Position in EMCOR Group, Inc. (NYSE:EME)

Achmea Investment Management B.V. grew its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 95.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,742 shares of the construction company's stock after acquiring an additional 22,825 shares during the period. Achmea Investment Management B.V. owned about 0.10% of EMCOR Group worth $17,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Paragon Capital Management Inc. bought a new position in shares of EMCOR Group during the first quarter valued at about $1,200,000. KG&L Capital Management LLC bought a new position in shares of EMCOR Group during the first quarter valued at about $222,000. Robeco Institutional Asset Management B.V. raised its stake in shares of EMCOR Group by 22.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 115,750 shares of the construction company's stock valued at $42,785,000 after acquiring an additional 20,897 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of EMCOR Group by 41.0% during the first quarter. Perigon Wealth Management LLC now owns 1,097 shares of the construction company's stock valued at $405,000 after acquiring an additional 319 shares during the last quarter. Finally, Moran Wealth Management LLC raised its stake in shares of EMCOR Group by 72.9% during the first quarter. Moran Wealth Management LLC now owns 20,655 shares of the construction company's stock valued at $7,635,000 after acquiring an additional 8,707 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Trading Up 3.9%

Shares of NYSE EME traded up $19.91 during midday trading on Friday, hitting $530.90. 681,139 shares of the company traded hands, compared to its average volume of 450,682. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.14 and a current ratio of 1.16. The stock has a 50-day moving average price of $458.66 and a 200 day moving average price of $439.29. The firm has a market cap of $23.76 billion, a P/E ratio of 23.46 and a beta of 1.23.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a net margin of 7.00% and a return on equity of 37.12%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.17 earnings per share. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.19%. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer now directly owns 208,989 shares in the company, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the transaction, the director now owns 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EME. TD Securities began coverage on shares of EMCOR Group in a research note on Friday. They set a "buy" rating for the company. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a research report on Friday. Robert W. Baird began coverage on shares of EMCOR Group in a research report on Friday. They set an "outperform" rating and a $560.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of EMCOR Group in a research report on Friday. They set a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $518.00.

EMCOR Group Company 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.