Vinva Investment Management Ltd Has $12.29 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Vinva Investment Management Ltd lifted its position in shares of EMCOR Group, Inc. (NYSE:EME) by 172.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,776 shares of the construction company’s stock after buying an additional 18,198 shares during the quarter. Vinva Investment Management Ltd owned about 0.06% of EMCOR Group worth $12,290,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in EMCOR Group by 11.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 334,509 shares of the construction company’s stock worth $144,016,000 after purchasing an additional 34,226 shares during the period. Fiduciary Trust Co acquired a new stake in shares of EMCOR Group during the 3rd quarter worth approximately $235,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of EMCOR Group by 243.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,479 shares of the construction company’s stock worth $20,441,000 after buying an additional 33,648 shares during the period. Bridgewater Associates LP lifted its position in shares of EMCOR Group by 36.3% during the 3rd quarter. Bridgewater Associates LP now owns 22,163 shares of the construction company’s stock valued at $9,542,000 after acquiring an additional 5,902 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in EMCOR Group by 2.8% during the third quarter. BNP Paribas Financial Markets now owns 92,374 shares of the construction company’s stock worth $39,770,000 after acquiring an additional 2,552 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

Shares of EME opened at $507.95 on Thursday. The firm has a market capitalization of $23.37 billion, a P/E ratio of 25.80 and a beta of 1.07. EMCOR Group, Inc. has a 52 week low of $209.31 and a 52 week high of $532.38. The stock has a 50 day moving average price of $463.26 and a two-hundred day moving average price of $405.54.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $5.80 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.77 billion. During the same period last year, the business earned $3.61 EPS. The business’s revenue was up 15.3% on a year-over-year basis. On average, equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Northcoast Research assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a “buy” rating and a $600.00 price target for the company. The Goldman Sachs Group initiated coverage on EMCOR Group in a research report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price for the company. StockNews.com raised EMCOR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus initiated coverage on EMCOR Group in a research note on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $518.75.

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.