KBC Group NV Buys 22,161 Shares of EMCOR Group, Inc. (NYSE:EME)

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Petra Financial Advisors Inc. raised its holdings in shares of EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock valued at $789,000 after purchasing an additional 24 shares during the period. True Wealth Design LLC increased its position in EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after buying an additional 26 shares in the last quarter. GeoWealth Management LLC increased its position in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after buying an additional 28 shares in the last quarter. Continuum Advisory LLC raised 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 buying an additional 29 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in EMCOR Group by 4.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock worth $359,000 after acquiring an additional 32 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EME has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on EMCOR Group in a report on Friday, June 27th. They set a "buy" rating for the company. UBS Group began coverage on shares of EMCOR Group in a research note on Friday, June 13th. They set a "buy" rating and a $570.00 price target for the company. Robert W. Baird started coverage on shares of EMCOR Group in a research note on Friday, June 27th. They issued an "outperform" rating and a $560.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, TD Securities assumed coverage on shares of EMCOR Group in a research report on Friday, June 27th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $518.00.

EMCOR Group Stock Up 0.9%

Shares of NYSE EME traded up $4.84 during trading on Thursday, hitting $546.64. The stock had a trading volume of 302,472 shares, compared to its average volume of 514,943. The firm has a fifty day moving average of $468.42 and a two-hundred day moving average of $440.73. The company has a market capitalization of $24.47 billion, a PE ratio of 24.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $550.18.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.18%. EMCOR Group's dividend payout ratio is presently 4.42%.

Insider Buying and Selling

In other news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer directly owned 208,989 shares of the company's stock, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction 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 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. Company insiders own 0.83% of the company's stock.

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.