ING Groep NV Has $9.47 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

ING Groep NV increased its position in EMCOR Group, Inc. (NYSE:EME) by 547.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,000 shares of the construction company’s stock after purchasing an additional 18,600 shares during the quarter. ING Groep NV’s holdings in EMCOR Group were worth $9,472,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC grew its position in shares of EMCOR Group by 51.4% during the 1st quarter. Headlands Technologies LLC now owns 209 shares of the construction company’s stock worth $73,000 after buying an additional 71 shares during the period. Avantax Advisory Services Inc. raised its position in shares of EMCOR Group by 7.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,097 shares of the construction company’s stock valued at $384,000 after acquiring an additional 79 shares during the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of EMCOR Group during the 1st quarter valued at $209,000. Orion Portfolio Solutions LLC boosted its position in shares of EMCOR Group by 0.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 17,973 shares of the construction company’s stock worth $6,294,000 after purchasing an additional 156 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in shares of EMCOR Group by 30.8% in the 1st quarter. Blair William & Co. IL now owns 1,541 shares of the construction company’s stock worth $540,000 after purchasing an additional 363 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

EME has been the subject of several analyst reports. DA Davidson boosted their target price on EMCOR Group from $410.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com upgraded shares of EMCOR Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 9th.

EMCOR Group Price Performance

NYSE EME opened at $498.31 on Friday. The stock’s 50-day moving average is $438.03 and its 200-day moving average is $395.70. EMCOR Group, Inc. has a one year low of $209.31 and a one year high of $525.31. The firm has a market cap of $22.92 billion, a P/E ratio of 25.31 and a beta of 1.07.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 EPS for the quarter, topping the consensus estimate of $4.98 by $0.82. The firm had revenue of $3.70 billion for 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 business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $3.61 EPS. Equities analysts anticipate that EMCOR Group, Inc. will post 20.75 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Tuesday, October 15th were paid 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 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.