Mitsubishi UFJ Asset Management Co. Ltd. Has $13.47 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of EMCOR Group, Inc. (NYSE:EME) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,438 shares of the construction company’s stock after purchasing an additional 2,658 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of EMCOR Group worth $13,469,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. BankPlus Trust Department grew its position in shares of EMCOR Group by 200.0% in the 1st quarter. BankPlus Trust Department now owns 72 shares of the construction company’s stock valued at $27,000 after purchasing an additional 48 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of EMCOR Group during the first quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in EMCOR Group in the 1st quarter valued at approximately $30,000. Continuum Advisory LLC lifted its stake in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company’s stock valued at $38,000 after acquiring an additional 29 shares in the last quarter. Finally, Dogwood Wealth Management LLC bought a new position in shares of EMCOR Group during the 4th quarter worth approximately $40,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EME shares. DA Davidson boosted their price objective on shares of EMCOR Group from $515.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. The Goldman Sachs Group lifted their target price on EMCOR Group from $384.00 to $435.00 and gave the company a “sell” rating in a research report on Tuesday, July 8th. TD Securities initiated coverage on EMCOR Group in a research report on Friday, June 27th. They set a “buy” rating for the company. Hovde Group raised EMCOR Group to a “hold” rating in a research report on Friday, June 27th. Finally, UBS Group set a $750.00 target price on shares of EMCOR Group and gave the company a “buy” rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, EMCOR Group has an average rating of “Moderate Buy” and a consensus target price of $594.50.

EMCOR Group Price Performance

NYSE:EME opened at $614.48 on Tuesday. The firm’s fifty day moving average price is $545.87 and its two-hundred day moving average price is $460.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market cap of $27.50 billion, a P/E ratio of 25.50 and a beta of 1.27. EMCOR Group, Inc. has a one year low of $320.89 and a one year high of $667.64.

EMCOR Group (NYSE:EME) last posted its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, beating the consensus estimate of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the business earned $5.25 earnings per share. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Tuesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is currently 4.15%.

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.