EMCOR Group, Inc. (NYSE:EME) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in EMCOR Group, Inc. (NYSE:EME) by 2,246.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,578 shares of the construction company’s stock after acquiring an additional 136,501 shares during the quarter. Nordea Investment Management AB owned 0.31% of EMCOR Group worth $65,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in EMCOR Group during the third quarter worth approximately $100,282,000. Renaissance Technologies LLC lifted its position in shares of EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock valued at $85,246,000 after acquiring an additional 116,300 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of EMCOR Group by 27.5% during the 2nd quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock worth $150,553,000 after acquiring an additional 88,909 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after acquiring an additional 88,074 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of EMCOR Group during the third quarter valued at $31,140,000. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

EMCOR Group stock opened at $469.57 on Wednesday. The firm’s 50 day moving average price is $485.31 and its two-hundred day moving average price is $424.52. The firm has a market cap of $21.60 billion, a PE ratio of 23.85 and a beta of 1.12. EMCOR Group, Inc. has a twelve month low of $210.38 and a twelve month high of $532.38.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company earned $3.61 earnings per share. EMCOR Group’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities 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 Friday, January 31st. Investors of record on Thursday, January 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group started coverage on EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 price target on the stock. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target on the stock. StockNews.com raised shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus initiated coverage on shares of EMCOR Group in a research note on Friday, November 15th. They set a “buy” rating and a $600.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EMCOR Group currently has an average rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Company 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.