Vontobel Holding Ltd. Takes Position in EMCOR Group, Inc. (NYSE:EME)

Vontobel Holding Ltd. acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,576 shares of the construction company’s stock, valued at approximately $1,970,000.

Several other institutional investors also recently bought and sold shares of EME. Matrix Trust Co purchased a new position in shares of EMCOR Group during the second quarter valued at $26,000. Proffitt & Goodson Inc. purchased a new position in EMCOR Group during the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $29,000. ORG Partners LLC purchased a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $31,000. Finally, Independence Bank of Kentucky bought a new position in shares of EMCOR Group during the first quarter valued at approximately $33,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 1,300 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $370.79, for a total value of $482,027.00. Following the completion of the transaction, the director now owns 8,637 shares in the company, valued at $3,202,513.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.26% of the company’s stock.

EMCOR Group Stock Down 0.0 %

NYSE EME opened at $453.74 on Friday. EMCOR Group, Inc. has a 52 week low of $191.50 and a 52 week high of $455.52. The company has a 50 day moving average price of $403.92 and a 200 day moving average price of $380.63. The firm has a market cap of $21.32 billion, a PE ratio of 29.93 and a beta of 1.07.

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

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date is Tuesday, October 15th. EMCOR Group’s dividend payout ratio is presently 6.60%.

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.