KBC Group NV Has $33.49 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

KBC Group NV increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 32.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,614 shares of the construction company's stock after purchasing an additional 22,161 shares during the period. KBC Group NV owned approximately 0.20% of EMCOR Group worth $33,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position 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 worth $38,000 after buying an additional 29 shares during the period. Dogwood Wealth Management LLC bought a new stake in EMCOR Group in the 4th quarter valued at approximately $40,000. Summit Securities Group LLC acquired a new position in EMCOR Group during the 4th quarter worth approximately $45,000. Park Square Financial Group LLC bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $48,000. Finally, True Wealth Design LLC grew its stake in shares of 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 acquiring an additional 26 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of EMCOR Group in a report on Friday. They set a "buy" rating for the company. UBS Group initiated coverage on shares of EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 price objective for the company. William Blair initiated coverage on EMCOR Group in a research report on Friday. They issued an "outperform" rating on the stock. Baird R W upgraded EMCOR Group to a "strong-buy" rating in a report on Friday. Finally, TD Securities assumed coverage on EMCOR Group in a research note on Friday. They issued a "buy" rating for the company. One research 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $518.00.

EMCOR Group Stock Performance

NYSE EME traded down $11.52 during trading on Tuesday, reaching $523.37. 131,268 shares of the company's stock were exchanged, compared to its average volume of 449,359. 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 business has a 50 day moving average price of $462.11 and a 200-day moving average price of $439.40. The stock has a market capitalization of $23.43 billion, a P/E ratio of 23.13 and a beta of 1.23. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share 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 for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the previous year, the firm earned $4.17 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Insider Activity

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer directly owned 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director owned 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

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.