Vinva Investment Management Ltd Increases Holdings in EMCOR Group, Inc. (NYSE:EME)

Vinva Investment Management Ltd increased its stake in EMCOR Group, Inc. (NYSE:EME) by 172.0% during the third quarter, according to its most recent filing with the SEC. The fund owned 28,776 shares of the construction company’s stock after buying an additional 18,198 shares during the quarter. Vinva Investment Management Ltd’s holdings in EMCOR Group were worth $12,290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EME. Cumberland Partners Ltd raised its position in EMCOR Group by 60.0% in the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after acquiring an additional 1,500 shares during the period. Cetera Advisors LLC raised its holdings in shares of EMCOR Group by 165.3% in the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock worth $2,174,000 after purchasing an additional 3,869 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of EMCOR Group by 173.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after purchasing an additional 34,553 shares during the period. Gulf International Bank UK Ltd purchased a new position in EMCOR Group in the second quarter valued at approximately $1,405,000. Finally, MinichMacGregor Wealth Management LLC bought a new position in EMCOR Group during the third quarter valued at $8,352,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

EMCOR Group Stock Performance

Shares of EME opened at $507.95 on Thursday. EMCOR Group, Inc. has a 52-week low of $209.31 and a 52-week high of $532.38. The stock’s 50-day simple moving average is $463.26 and its 200 day simple moving average is $405.54. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of 25.80 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.61 earnings per share. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

About EMCOR Group

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.