KBC Group NV Has $31.07 Million Position in EMCOR Group, Inc. (NYSE:EME)

KBC Group NV grew its position in shares of EMCOR Group, Inc. (NYSE:EME) by 100.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 68,453 shares of the construction company’s stock after purchasing an additional 34,295 shares during the period. KBC Group NV’s holdings in EMCOR Group were worth $31,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Koshinski Asset Management Inc. boosted its position in EMCOR Group by 4.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company’s stock worth $298,000 after buying an additional 26 shares during the period. Cumberland Partners Ltd lifted its holdings in shares of EMCOR Group by 60.0% during the third quarter. Cumberland Partners Ltd now owns 4,000 shares of the construction company’s stock worth $1,722,000 after purchasing an additional 1,500 shares during the period. Wolff Wiese Magana LLC grew its stake in shares of EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company’s stock worth $311,000 after purchasing an additional 667 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in EMCOR Group by 173.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 54,521 shares of the construction company’s stock valued at $23,473,000 after purchasing an additional 34,553 shares during the period. Finally, Independent Advisor Alliance raised its position in EMCOR Group by 25.0% during the 3rd quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company’s stock worth $2,261,000 after purchasing an additional 1,049 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EME shares. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price target on the stock. StockNews.com cut EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Northcoast Research began coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price target for the company. 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 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $518.75.

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $429.70 on Tuesday. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 21.82 and a beta of 1.12. The stock’s 50-day moving average is $490.19 and its 200 day moving average is $437.44. EMCOR Group, Inc. has a one year low of $220.62 and a one year high of $545.29.

EMCOR Group (NYSE:EME) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the firm posted $3.61 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.23%. The ex-dividend date of this dividend is Thursday, January 16th. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

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.