New Millennium Group LLC Acquires Shares of 6,897 EMCOR Group, Inc. (NYSE:EME)

New Millennium Group LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,897 shares of the construction company’s stock, valued at approximately $3,130,000. EMCOR Group comprises about 1.8% of New Millennium Group LLC’s investment portfolio, making the stock its 16th biggest holding.

Other large investors also recently made changes to their positions in the company. Mediolanum International Funds Ltd grew its holdings in EMCOR Group by 195.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 16,158 shares of the construction company’s stock valued at $7,370,000 after purchasing an additional 10,695 shares during the period. Swedbank AB increased its position in shares of 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. Strategic Blueprint LLC bought a new position in EMCOR Group during the fourth quarter worth about $516,000. Smith Group Asset Management LLC acquired a new position in EMCOR Group in the fourth quarter valued at about $286,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of EMCOR Group by 74.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 94,853 shares of the construction company’s stock worth $43,054,000 after acquiring an additional 40,332 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EME shares. Stifel Nicolaus assumed coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. Northcoast Research started coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “buy” rating and a $600.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $518.75.

EMCOR Group Stock Down 0.0 %

NYSE EME opened at $448.52 on Friday. The firm’s 50 day moving average is $483.05 and its 200-day moving average is $438.82. The company has a market capitalization of $20.63 billion, a PE ratio of 22.78 and a beta of 1.12. EMCOR Group, Inc. has a 12-month low of $226.99 and a 12-month high of $545.29.

EMCOR Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.82. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.77 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.61 EPS. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were given 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 0.22%. EMCOR Group’s dividend payout ratio (DPR) 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.