IFM Investors Pty Ltd Has $3.97 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

IFM Investors Pty Ltd boosted its position in EMCOR Group, Inc. (NYSE:EME) by 7.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,218 shares of the construction company’s stock after purchasing an additional 612 shares during the period. IFM Investors Pty Ltd’s holdings in EMCOR Group were worth $3,969,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EME. Burgundy Asset Management Ltd. boosted its stake in shares of EMCOR Group by 1.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 691,381 shares of the construction company’s stock worth $242,122,000 after acquiring an additional 11,479 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of EMCOR Group by 34.4% during the second quarter. Acadian Asset Management LLC now owns 526,044 shares of the construction company’s stock worth $192,028,000 after acquiring an additional 134,575 shares during the period. AQR Capital Management LLC grew its position in shares of EMCOR Group by 27.5% in the second quarter. AQR Capital Management LLC now owns 412,382 shares of the construction company’s stock valued at $150,553,000 after purchasing an additional 88,909 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of EMCOR Group by 4.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 354,045 shares of the construction company’s stock worth $152,427,000 after purchasing an additional 14,447 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in EMCOR Group by 99.2% during the 2nd quarter. Renaissance Technologies LLC now owns 233,500 shares of the construction company’s stock worth $85,246,000 after purchasing an additional 116,300 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on EME shares. DA Davidson upped their price target on shares of EMCOR Group from $410.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 9th.

EMCOR Group Price Performance

Shares of NYSE EME opened at $428.58 on Friday. The business has a fifty day moving average price of $411.96 and a two-hundred day moving average price of $383.61. The stock has a market capitalization of $20.00 billion, a PE ratio of 24.55 and a beta of 1.07. EMCOR Group, Inc. has a fifty-two week low of $201.96 and a fifty-two week high of $456.16.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $5.25 earnings per share for the quarter, topping the consensus estimate of $3.76 by $1.49. EMCOR Group had a net margin of 6.01% and a return on equity of 32.73%. The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the business posted $2.95 earnings per share. EMCOR Group’s revenue was up 20.4% compared to the same quarter last year. On average, equities analysts expect that EMCOR Group, Inc. will post 19.5 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s dividend payout ratio (DPR) is presently 5.73%.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $370.79, for a total transaction of $482,027.00. Following the completion of the transaction, the director now directly owns 8,637 shares in the company, valued at $3,202,513.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by company insiders.

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.