ING Groep NV Has $9.47 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

ING Groep NV grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 547.1% during the third quarter, Holdings Channel.com reports. The firm owned 22,000 shares of the construction company’s stock after acquiring an additional 18,600 shares during the quarter. ING Groep NV’s holdings in EMCOR Group were worth $9,472,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Matrix Trust Co bought a new stake in EMCOR Group during the 2nd quarter worth about $26,000. Proffitt & Goodson Inc. bought a new stake in EMCOR Group during the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in EMCOR Group during the second quarter valued at approximately $29,000. ORG Partners LLC bought a new position in EMCOR Group in the second quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC bought a new position in EMCOR Group in the third quarter valued at approximately $33,000. Institutional investors own 92.59% of the company’s stock.

Analyst Ratings Changes

EME has been the subject of several recent analyst reports. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th. DA Davidson increased 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.

EMCOR Group Stock Down 0.4 %

Shares of NYSE EME opened at $498.31 on Friday. The business’s 50 day moving average price is $438.03 and its two-hundred day moving average price is $395.70. The company has a market cap of $22.92 billion, a PE ratio of 25.31 and a beta of 1.07. EMCOR Group, Inc. has a twelve month low of $209.31 and a twelve month high of $525.31.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the previous year, the firm earned $3.61 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.75 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

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.