Caisse DE Depot ET Placement DU Quebec Buys 88,074 Shares of EMCOR Group, Inc. (NYSE:EME)

Caisse DE Depot ET Placement DU Quebec boosted its position in EMCOR Group, Inc. (NYSE:EME) by 45.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 283,072 shares of the construction company’s stock after purchasing an additional 88,074 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.62% of EMCOR Group worth $121,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EME. Caprock Group LLC grew its stake in shares of EMCOR Group by 0.4% during the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the period. First Horizon Advisors Inc. boosted its position in EMCOR Group by 13.0% during the third quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company’s stock worth $101,000 after purchasing an additional 27 shares during the period. Cassaday & Co Wealth Management LLC increased its stake in shares of EMCOR Group by 3.8% in the third quarter. Cassaday & Co Wealth Management LLC now owns 830 shares of the construction company’s stock worth $357,000 after purchasing an additional 30 shares in the last quarter. Mount Lucas Management LP raised its position in shares of EMCOR Group by 2.5% in the third quarter. Mount Lucas Management LP now owns 1,388 shares of the construction company’s stock valued at $598,000 after purchasing an additional 34 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of EMCOR Group by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company’s stock valued at $587,000 after buying an additional 43 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

EMCOR Group Price Performance

Shares of EMCOR Group stock opened at $511.11 on Friday. EMCOR Group, Inc. has a 1 year low of $209.31 and a 1 year high of $532.38. The firm has a market cap of $23.51 billion, a PE ratio of 25.96 and a beta of 1.07. The company has a 50 day simple moving average of $466.32 and a two-hundred day simple moving average of $407.21.

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

EMCOR Group Announces Dividend

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

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.