EMCOR Group, Inc. (NYSE:EME) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 40.6% during the 4th quarter, HoldingsChannel reports. The fund owned 13,958 shares of the construction company’s stock after purchasing an additional 4,031 shares during the period. Van ECK Associates Corp’s holdings in EMCOR Group were worth $3,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its position in EMCOR Group by 41.0% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,068,555 shares of the construction company’s stock worth $224,813,000 after purchasing an additional 310,718 shares in the last quarter. Pacer Advisors Inc. grew its stake in EMCOR Group by 3,091.7% in the 4th quarter. Pacer Advisors Inc. now owns 313,998 shares of the construction company’s stock valued at $67,645,000 after acquiring an additional 304,160 shares during the period. Invesco Ltd. increased its holdings in EMCOR Group by 40.1% in the 3rd quarter. Invesco Ltd. now owns 919,304 shares of the construction company’s stock worth $193,412,000 after acquiring an additional 263,330 shares in the last quarter. FMR LLC raised its position in EMCOR Group by 7.3% during the third quarter. FMR LLC now owns 3,551,683 shares of the construction company’s stock worth $747,239,000 after acquiring an additional 241,920 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in EMCOR Group by 155.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 325,625 shares of the construction company’s stock valued at $68,509,000 after purchasing an additional 198,214 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Up 2.2 %

Shares of EME opened at $371.94 on Tuesday. The firm’s fifty day moving average is $340.93 and its two-hundred day moving average is $263.00. The stock has a market cap of $17.48 billion, a PE ratio of 24.53 and a beta of 1.07. EMCOR Group, Inc. has a 52-week low of $161.49 and a 52-week high of $376.70.

EMCOR Group (NYSE:EME) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $1.25. The firm had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. As a group, research analysts anticipate that EMCOR Group, Inc. will post 16.1 earnings per share for the current year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Monday, April 15th. This is a boost from EMCOR Group’s previous quarterly dividend of $0.18. EMCOR Group’s dividend payout ratio (DPR) is currently 6.60%.

Analyst Ratings Changes

A number of research firms have recently commented on EME. 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. DA Davidson reissued a “buy” rating and set a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.

Insider Buying and Selling

In other EMCOR Group news, CEO Anthony Guzzi sold 6,000 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at approximately $70,010,701.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by company insiders.

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.