Nordea Investment Management AB Buys 136,501 Shares of EMCOR Group, Inc. (NYSE:EME)

Nordea Investment Management AB lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 2,246.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,578 shares of the construction company’s stock after acquiring an additional 136,501 shares during the quarter. Nordea Investment Management AB’s holdings in EMCOR Group were worth $65,036,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in EMCOR Group in the 3rd quarter worth approximately $33,000. Anchor Investment Management LLC lifted its stake in shares of EMCOR Group by 89.3% in the second quarter. Anchor Investment Management LLC now owns 106 shares of the construction company’s stock worth $39,000 after buying an additional 50 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of EMCOR Group by 3,466.7% in the third quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of EMCOR Group during the 3rd quarter worth $49,000. Finally, Prospera Private Wealth LLC acquired a new position in EMCOR Group in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

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

EMCOR Group Stock Down 2.0 %

EMCOR Group stock opened at $469.57 on Wednesday. The business has a 50 day moving average price of $485.31 and a two-hundred day moving average price of $424.52. EMCOR Group, Inc. has a 12 month low of $210.38 and a 12 month high of $532.38. The stock has a market cap of $21.60 billion, a price-to-earnings ratio of 23.85 and a beta of 1.12.

EMCOR Group (NYSE:EME) last issued its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company posted $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. On average, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 16th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

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.