ASR Vermogensbeheer N.V. Purchases New Holdings in EMCOR Group, Inc. (NYSE:EME)

Key Points

• ASR Vermogensbeheer N.V. acquired 2,979 shares of EMCOR Group, Inc. valued at approximately $1,101,000 in the first quarter, highlighting increased institutional interest in the company.
• Wall Street analysts have issued several positive ratings for EMCOR Group, with a consensus target price set at $594.50 and a majority awarding either buy or strong buy ratings.
• EMCOR Group reported earnings of $6.72 per share, exceeding consensus estimates, with revenues rising 17.4% year-over-year to $4.30 billion.

ASR Vermogensbeheer N.V. bought a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,979 shares of the construction company's stock, valued at approximately $1,101,000.

Several other large investors have also made changes to their positions in EME. BankPlus Trust Department raised its position in shares of EMCOR Group by 200.0% in the first quarter. BankPlus Trust Department now owns 72 shares of the construction company's stock valued at $27,000 after buying an additional 48 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in EMCOR Group during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new position in shares of EMCOR Group during the first quarter worth about $30,000. Continuum Advisory LLC boosted its stake in EMCOR Group by 53.7% during the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after purchasing an additional 29 shares during the period. Finally, Dogwood Wealth Management LLC purchased a new position in EMCOR Group during the 4th quarter worth $40,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EME. Baird R W upgraded shares of EMCOR Group to a "strong-buy" rating in a report on Friday, June 27th. Hovde Group raised shares of EMCOR Group to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen upgraded shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Northcoast Research downgraded shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 target price for the company. in a research note on Thursday, August 7th. Finally, UBS Group set a $750.00 price objective on shares of EMCOR Group and gave the company a "buy" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus price target of $594.50.

EMCOR Group Stock Performance

NYSE:EME traded up $18.83 during mid-day trading on Tuesday, hitting $633.52. The stock had a trading volume of 338,651 shares, compared to its average volume of 490,678. The stock has a market capitalization of $28.36 billion, a price-to-earnings ratio of 26.29 and a beta of 1.27. The company has a 50 day simple moving average of $545.87 and a 200-day simple moving average of $460.64. EMCOR Group, Inc. has a 52 week low of $320.89 and a 52 week high of $667.64. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.08.

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

EMCOR Group Announces Dividend

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

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.