Mirae Asset Global Investments Co. Ltd. Has $56.08 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Mirae Asset Global Investments Co. Ltd. raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 260,308 shares of the construction company's stock after purchasing an additional 2,880 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.55% of EMCOR Group worth $56,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. VisionPoint Advisory Group LLC acquired a new stake in EMCOR Group in the 2nd quarter worth about $25,000. Zions Bancorporation N.A. acquired a new stake in shares of EMCOR Group in the first quarter worth approximately $26,000. Parkside Financial Bank & Trust increased its position in shares of EMCOR Group by 66.2% during the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company's stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP raised its stake in EMCOR Group by 83.8% in the 4th quarter. Allworth Financial LP now owns 136 shares of the construction company's stock valued at $29,000 after purchasing an additional 62 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in EMCOR Group in the 2nd quarter valued at $35,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of EMCOR Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the sale, the chief executive officer now owns 219,023 shares in the company, valued at $70,010,701.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EME shares. DA Davidson reaffirmed a "buy" rating and set a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd. KeyCorp started coverage on shares of EMCOR Group in a research note on Wednesday, January 10th. They set a "sector weight" rating for the company.

EMCOR Group Trading Up 2.2 %

NYSE EME traded up $7.89 on Friday, reaching $365.02. 375,618 shares of the company were exchanged, compared to its average volume of 400,130. The business's fifty day moving average price is $297.00 and its 200 day moving average price is $241.80. The stock has a market capitalization of $17.18 billion, a P/E ratio of 27.42 and a beta of 1.10. EMCOR Group, Inc. has a fifty-two week low of $151.52 and a fifty-two week high of $369.53.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.96. EMCOR Group had a net margin of 5.03% and a return on equity of 28.41%. The firm had revenue of $3.44 billion for the quarter, compared to analysts' expectations of $3.36 billion. During the same quarter in the previous year, the company posted $2.63 EPS. The company's revenue was up 16.6% compared to the same quarter last year. Equities research analysts forecast that EMCOR Group, Inc. will post 14.5 earnings per share for the current year.

EMCOR Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.25 dividend. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, April 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. EMCOR Group's dividend payout ratio is 5.41%.

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.