EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 265.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,246 shares of the construction company's stock after purchasing an additional 4,539 shares during the period. Raiffeisen Bank International AG's holdings in EMCOR Group were worth $2,316,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. True Wealth Design LLC increased its position in EMCOR Group by 24.3% during the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock worth $60,000 after purchasing an additional 26 shares during the period. GeoWealth Management LLC raised its stake in shares of EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after buying an additional 28 shares during the last quarter. Continuum Advisory LLC raised its position in EMCOR Group by 53.7% during the fourth quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock worth $38,000 after acquiring an additional 29 shares during the last quarter. Alps Advisors Inc. lifted its stake in EMCOR Group by 3.4% in the 1st quarter. Alps Advisors Inc. now owns 908 shares of the construction company's stock valued at $336,000 after buying an additional 30 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of EMCOR Group by 17.9% during the first quarter. Allworth Financial LP now owns 217 shares of the construction company's stock valued at $87,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EME shares. TD Securities started coverage on EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating for the company. Robert W. Baird assumed coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Stifel Nicolaus upped their target price on shares of EMCOR Group from $503.00 to $597.00 and gave the company a "buy" rating in a research note on Friday, July 11th. William Blair started coverage on EMCOR Group in a research note on Friday, June 27th. They set an "outperform" rating for the company. Finally, Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $605.33.

EMCOR Group Price Performance

Shares of EME stock opened at $625.46 on Monday. The firm's 50 day moving average price is $527.75 and its two-hundred day moving average price is $456.56. The stock has a market cap of $28.00 billion, a PE ratio of 25.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $667.64.

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

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group's dividend 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.

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