Mirae Asset Global Investments Co. Ltd. Has $56.08 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 260,308 shares of the construction company’s stock after buying an additional 2,880 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.55% of EMCOR Group worth $56,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EME. Cambridge Investment Research Advisors Inc. grew its position in shares of EMCOR Group by 5.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the construction company’s stock worth $273,000 after buying an additional 135 shares during the period. PNC Financial Services Group Inc. grew its position in EMCOR Group by 3.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,156 shares of the construction company’s stock valued at $580,000 after purchasing an additional 189 shares during the period. Bank of Montreal Can grew its position in EMCOR Group by 3.4% in the 1st quarter. Bank of Montreal Can now owns 8,037 shares of the construction company’s stock valued at $928,000 after purchasing an additional 264 shares during the period. Acadian Asset Management LLC grew its position in EMCOR Group by 160.4% in the 1st quarter. Acadian Asset Management LLC now owns 4,828 shares of the construction company’s stock valued at $543,000 after purchasing an additional 2,974 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in EMCOR Group by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,561 shares of the construction company’s stock valued at $2,203,000 after purchasing an additional 1,865 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of EMCOR Group in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. DA Davidson reissued a “buy” rating and issued a $375.00 price target on shares of EMCOR Group in a research report on Friday, March 22nd.

Insider Buying and Selling

In related news, CEO Anthony Guzzi sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $319.65, for a total value of $1,917,900.00. Following the transaction, the chief executive officer now directly owns 219,023 shares of the company’s stock, valued at approximately $70,010,701.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

EMCOR Group Stock Up 2.2 %

NYSE:EME traded up $7.89 during trading hours on Friday, hitting $365.02. 375,618 shares of the company traded hands, compared to its average volume of 400,130. The firm’s 50-day simple moving average is $297.00 and its 200-day simple moving average is $241.62. EMCOR Group, Inc. has a one year low of $151.52 and a one year high of $369.53. The company has a market cap of $17.18 billion, a PE ratio of 27.42 and a beta of 1.10.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.96. EMCOR Group had a return on equity of 28.41% and a net margin of 5.03%. The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same period last year, the business earned $2.63 EPS. The business’s revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that EMCOR Group, Inc. will post 14.5 EPS for the current year.

EMCOR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.25 dividend. This is an increase from EMCOR Group’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Monday, April 15th. EMCOR Group’s payout ratio is 5.41%.

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.