EMCOR Group, Inc. (NYSE:EME) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in EMCOR Group, Inc. (NYSE:EME) by 30.7% in the 1st quarter, Holdings Channel reports. The fund owned 163,988 shares of the construction company’s stock after acquiring an additional 38,537 shares during the period. Russell Investments Group Ltd.’s holdings in EMCOR Group were worth $60,618,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Prudential PLC lifted its stake in shares of EMCOR Group by 193.5% in the 1st quarter. Prudential PLC now owns 18,754 shares of the construction company’s stock worth $6,932,000 after acquiring an additional 12,365 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in shares of EMCOR Group by 4.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 14,672 shares of the construction company’s stock worth $5,426,000 after acquiring an additional 597 shares during the period. Rossmore Private Capital acquired a new stake in shares of EMCOR Group in the 1st quarter worth $462,000. Public Sector Pension Investment Board lifted its stake in shares of EMCOR Group by 124.0% in the 1st quarter. Public Sector Pension Investment Board now owns 20,158 shares of the construction company’s stock worth $7,451,000 after acquiring an additional 11,158 shares during the period. Finally, Eagle Global Advisors LLC lifted its stake in shares of EMCOR Group by 66.7% in the first quarter. Eagle Global Advisors LLC now owns 1,000 shares of the construction company’s stock valued at $370,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

EME has been the subject of several recent research reports. Robert W. Baird initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an “outperform” rating and a $560.00 target price for the company. TD Securities initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set a “buy” rating for the company. William Blair initiated coverage on shares of EMCOR Group in a report on Friday, June 27th. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Finally, UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a “buy” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $594.50.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $616.76 on Thursday. The company has a market cap of $27.61 billion, a PE ratio of 25.59 and a beta of 1.27. EMCOR Group, Inc. has a 12 month low of $320.89 and a 12 month high of $667.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a 50-day simple moving average of $551.52 and a 200-day simple moving average of $462.91.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating analysts’ consensus estimates of $5.68 by $1.04. EMCOR Group had a net margin of 7.07% and a return on equity of 38.01%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the company posted $5.25 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, July 15th. EMCOR Group’s payout ratio is presently 4.15%.

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.