EMCOR Group, Inc. (NYSE:EME) Shares Bought by Banco Santander S.A.

Banco Santander S.A. grew its holdings in EMCOR Group, Inc. (NYSE:EME) by 454.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,268 shares of the construction company’s stock after buying an additional 6,778 shares during the quarter. Banco Santander S.A.’s holdings in EMCOR Group were worth $3,753,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. World Investment Advisors LLC purchased a new stake in EMCOR Group in the 3rd quarter worth $100,282,000. Nordea Investment Management AB raised its position in shares of EMCOR Group by 2,246.2% during the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company’s stock worth $65,036,000 after purchasing an additional 136,501 shares during the last quarter. Swedbank AB lifted its stake in EMCOR Group by 399.4% in the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company’s stock valued at $69,648,000 after buying an additional 122,716 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in EMCOR Group in the 4th quarter worth about $42,380,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in EMCOR Group by 45.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company’s stock worth $121,871,000 after buying an additional 88,074 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EME. The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. Northcoast Research began coverage on EMCOR Group in a report on Friday, November 22nd. They issued a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Stock Up 0.3 %

Shares of EMCOR Group stock opened at $376.10 on Friday. The business’s fifty day simple moving average is $450.59 and its 200-day simple moving average is $449.75. EMCOR Group, Inc. has a 52 week low of $313.48 and a 52 week high of $545.29. The firm has a market cap of $17.10 billion, a PE ratio of 19.10 and a beta of 1.14.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $0.79. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. As a group, equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.27%. EMCOR Group’s dividend payout ratio (DPR) is 4.64%.

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.