AustralianSuper Pty Ltd Has $40.63 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

AustralianSuper Pty Ltd lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 147.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,914 shares of the construction company's stock after purchasing an additional 65,474 shares during the period. AustralianSuper Pty Ltd owned approximately 0.24% of EMCOR Group worth $40,628,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of EME. BankPlus Trust Department grew its holdings in shares of EMCOR Group by 200.0% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of EMCOR Group during the first quarter valued at $28,000. Continuum Advisory LLC grew its holdings in shares of EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after buying an additional 29 shares in the last quarter. Dogwood Wealth Management LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $40,000. Finally, Summit Securities Group LLC purchased a new position in EMCOR Group in the fourth quarter valued at about $45,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on EME. Jefferies Financial Group began coverage on EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. The Goldman Sachs Group upped their price target on EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. UBS Group began coverage on EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 price target for the company. Stifel Nicolaus boosted their price objective on EMCOR Group from $503.00 to $597.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Robert W. Baird started coverage on EMCOR Group in a research report on Friday, June 27th. They set an "outperform" rating and a $560.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $532.00.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the sale, the chief executive officer directly owned 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director owned 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. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Price Performance

Shares of EME traded down $5.20 during mid-day trading on Monday, reaching $560.36. The company had a trading volume of 135,197 shares, compared to its average volume of 448,716. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $570.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The company's 50-day moving average is $499.62 and its 200-day moving average is $447.79. The company has a market capitalization of $25.08 billion, a P/E ratio of 24.75 and a beta of 1.24.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the firm posted $4.17 EPS. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.18%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

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.