AIA Group Ltd Grows Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

AIA Group Ltd boosted its holdings in EMCOR Group, Inc. (NYSE:EME) by 5.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,000 shares of the construction company’s stock after buying an additional 100 shares during the period. AIA Group Ltd’s holdings in EMCOR Group were worth $861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Montag A & Associates Inc. purchased a new stake in shares of EMCOR Group during the first quarter worth about $1,772,000. Cetera Advisors LLC grew its holdings in EMCOR Group by 165.3% during the 1st quarter. Cetera Advisors LLC now owns 6,209 shares of the construction company’s stock valued at $2,174,000 after buying an additional 3,869 shares in the last quarter. Sei Investments Co. raised its position in shares of EMCOR Group by 3.8% during the first quarter. Sei Investments Co. now owns 128,492 shares of the construction company’s stock valued at $44,996,000 after buying an additional 4,647 shares during the last quarter. HBK Sorce Advisory LLC purchased a new position in shares of EMCOR Group in the first quarter worth $209,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of EMCOR Group by 173.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock worth $23,473,000 after acquiring an additional 34,553 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

EMCOR Group Price Performance

Shares of EME opened at $514.07 on Friday. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 26.11 and a beta of 1.07. EMCOR Group, Inc. has a 1 year low of $207.36 and a 1 year high of $519.10. The business’s 50 day simple moving average is $429.51 and its 200-day simple moving average is $391.88.

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, beating analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the firm earned $3.61 earnings per share. EMCOR Group’s revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.75 earnings per share for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were given a $0.25 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $1.00 annualized dividend and a yield of 0.19%. EMCOR Group’s dividend payout ratio is currently 5.08%.

Wall Street Analysts Forecast Growth

EME has been the topic of a number of research reports. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson raised their price objective on EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

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.