Robeco Schweiz AG Invests $21.14 Million in EMCOR Group, Inc. (NYSE:EME)

Robeco Schweiz AG purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,197 shares of the construction company's stock, valued at approximately $21,142,000. Robeco Schweiz AG owned about 0.13% of EMCOR Group as of its most recent SEC filing.

Several other large investors have also modified their holdings of EME. Norges Bank purchased a new stake in EMCOR Group during the 4th quarter worth about $299,855,000. GAMMA Investing LLC boosted its position in shares of EMCOR Group by 49,775.5% during the 1st quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock worth $138,266,000 after acquiring an additional 373,316 shares in the last quarter. Invesco Ltd. boosted its position in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after acquiring an additional 288,765 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of EMCOR Group by 94.2% during the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after acquiring an additional 148,915 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of EMCOR Group by 35.2% during the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after acquiring an additional 129,186 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EME. Jefferies Financial Group began coverage on EMCOR Group in a research report on Friday, June 27th. They issued a "buy" rating for the company. Baird R W raised EMCOR Group to a "strong-buy" rating in a research report on Friday, June 27th. William Blair started coverage on EMCOR Group in a research report on Friday, June 27th. They issued an "outperform" rating for the company. 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. Finally, TD Securities started coverage on 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 issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $532.00.

EMCOR Group Stock Performance

Shares of EME stock traded up $6.92 during trading hours on Friday, reaching $554.51. 215,576 shares of the company's stock were exchanged, compared to its average volume of 450,827. The company has a market cap of $24.82 billion, a P/E ratio of 24.50 and a beta of 1.24. The company's 50 day moving average is $487.57 and its two-hundred day moving average is $444.55. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $556.53. 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 (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 the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $4.17 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Tuesday, July 15th. EMCOR Group's payout ratio is currently 4.42%.

Insider Activity at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of the 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 sale, the chief executive officer owned 208,989 shares in the company, valued at approximately $91,125,473.67. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the director owned 7,094 shares in the company, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. 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.