ING Groep NV raised its position in shares of Emcor Group Inc (NYSE:EME) by 45.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,894 shares of the construction company’s stock after purchasing an additional 2,772 shares during the quarter. ING Groep NV’s holdings in Emcor Group were worth $668,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EME. GSA Capital Partners LLP purchased a new stake in shares of Emcor Group during the 2nd quarter valued at about $203,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Emcor Group by 234.4% in the second quarter. Cubist Systematic Strategies LLC now owns 3,598 shares of the construction company’s stock worth $274,000 after buying an additional 2,522 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Emcor Group by 1,843.1% in the second quarter. Itau Unibanco Holding S.A. now owns 3,925 shares of the construction company’s stock worth $299,000 after buying an additional 3,723 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Emcor Group in the second quarter worth approximately $338,000. Finally, Jane Street Group LLC purchased a new position in shares of Emcor Group in the second quarter worth approximately $356,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

In other Emcor Group news, EVP R Kevin Matz sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $81.12, for a total transaction of $1,216,800.00. Following the sale, the executive vice president now owns 220,109 shares in the company, valued at approximately $17,855,242.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William P. Reid sold 1,900 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $71.69, for a total transaction of $136,211.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

EME has been the topic of a number of research reports. Zacks Investment Research raised shares of Emcor Group from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, July 31st. DA Davidson raised shares of Emcor Group from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday, October 25th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Emcor Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th.

EME opened at $72.68 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.26 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. Emcor Group Inc has a 12-month low of $63.81 and a 12-month high of $85.08.

Emcor Group (NYSE:EME) last posted its quarterly earnings data on Thursday, October 25th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.95 billion. Emcor Group had a net margin of 3.27% and a return on equity of 15.96%. On average, equities research analysts predict that Emcor Group Inc will post 4.87 earnings per share for the current year.

Emcor Group announced that its board has approved a share repurchase program on Thursday, October 25th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 30th. Investors of record on Monday, October 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, October 12th. Emcor Group’s payout ratio is 7.88%.

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About Emcor Group

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical process, food process, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, and controls and filtration systems; roadway and transit lighting and fiber-optic lines; heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems; plumbing, processing, and piping systems; and central plant heating and cooling systems, as well as offers cranes and rigging, millwrighting, and steel fabrication, erection, and welding services.

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Institutional Ownership by Quarter for Emcor Group (NYSE:EME)

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