Forsta AP Fonden Increases Stake in EMCOR Group, Inc. (NYSE:EME)

Key Points

• Forsta AP Fonden increased its stake in EMCOR Group, Inc. by 27.1%, acquiring an additional 5,300 shares, bringing their total to 24,881 shares worth approximately $9.2 million.
• EMCOR Group recently reported a quarterly earnings per share of $6.72, exceeding estimates and reflecting a 17.4% revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.25 per share, representing an annualized dividend of $1.00 and a dividend yield of 0.2%.

Forsta AP Fonden lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 27.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,881 shares of the construction company's stock after purchasing an additional 5,300 shares during the quarter. Forsta AP Fonden owned about 0.06% of EMCOR Group worth $9,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EME. Bank of Montreal Can grew its stake in shares of EMCOR Group by 44.2% during the 4th quarter. Bank of Montreal Can now owns 17,681 shares of the construction company's stock worth $8,025,000 after purchasing an additional 5,420 shares during the period. Raymond James Financial Inc. acquired a new position in shares of EMCOR Group during the 4th quarter worth $42,380,000. Bessemer Group Inc. grew its stake in shares of EMCOR Group by 18.4% during the 4th quarter. Bessemer Group Inc. now owns 1,550 shares of the construction company's stock worth $703,000 after purchasing an additional 241 shares during the period. Argent Trust Co grew its stake in shares of EMCOR Group by 9.7% during the 4th quarter. Argent Trust Co now owns 2,208 shares of the construction company's stock worth $1,002,000 after purchasing an additional 195 shares during the period. Finally, Sterling Capital Management LLC grew its stake in shares of EMCOR Group by 26.3% during the 4th quarter. Sterling Capital Management LLC now owns 3,796 shares of the construction company's stock worth $1,723,000 after purchasing an additional 790 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EME shares. William Blair started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating on the stock. Baird R W raised shares of EMCOR Group to a "strong-buy" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of EMCOR Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Northcoast Research cut shares of EMCOR Group from a "buy" rating to a "neutral" rating and set a $500.00 price objective on the stock. in a research note on Thursday, August 7th. Finally, TD Securities started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued a "buy" rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average price target of $594.50.

EMCOR Group Trading Up 3.1%

NYSE:EME traded up $18.83 on Tuesday, reaching $633.52. The stock had a trading volume of 347,418 shares, compared to its average volume of 385,426. The company has a market cap of $28.36 billion, a price-to-earnings ratio of 26.29 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The firm's fifty day moving average is $548.85 and its two-hundred day moving average is $461.84. EMCOR Group, Inc. has a 12-month low of $320.89 and a 12-month high of $667.64.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.04. The business had revenue of $4.30 billion for 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 was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.25 EPS. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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