KBC Group NV Reduces Position in EMCOR Group, Inc. (NYSE:EME)

KBC Group NV trimmed its holdings in EMCOR Group, Inc. (NYSE:EME) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,158 shares of the construction company’s stock after selling 1,390 shares during the quarter. KBC Group NV owned approximately 0.07% of EMCOR Group worth $14,706,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in EMCOR Group in the second quarter worth $26,000. Proffitt & Goodson Inc. purchased a new position in EMCOR Group in the 2nd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in EMCOR Group during the 3rd quarter valued at about $33,000. Innealta Capital LLC purchased a new stake in EMCOR Group in the 2nd quarter valued at about $29,000. Finally, ORG Partners LLC bought a new position in EMCOR Group in the 2nd quarter worth about $31,000. 92.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EME. DA Davidson boosted their price target on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 26th. Stifel Nicolaus initiated coverage on EMCOR Group in a research report on Friday. They set a “buy” rating and a $600.00 target price for the company. Finally, StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Trading Up 0.1 %

Shares of NYSE:EME opened at $498.74 on Friday. The company has a market capitalization of $22.94 billion, a PE ratio of 25.33 and a beta of 1.07. EMCOR Group, Inc. has a 12-month low of $209.31 and a 12-month high of $525.31. The business’s fifty day simple moving average is $440.92 and its 200-day simple moving average is $396.41.

EMCOR Group (NYSE:EME) last released its quarterly earnings results 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 net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Research analysts predict that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 5.08%.

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.