Dai ichi Life Insurance Company Ltd Has $2.75 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Dai ichi Life Insurance Company Ltd lessened its holdings in shares of EMCOR Group, Inc. (NYSE:EME) by 5.8% during the third quarter, Holdings Channel.com reports. The firm owned 6,389 shares of the construction company’s stock after selling 392 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in EMCOR Group were worth $2,751,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

EMCOR Group Price Performance

EME opened at $507.95 on Thursday. The firm has a market capitalization of $23.37 billion, a PE ratio of 25.80 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $209.31 and a fifty-two week high of $532.38. The company’s 50-day moving average is $463.26 and its 200 day moving average is $405.54.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the company earned $3.61 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.20%. EMCOR Group’s 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.