KLP Kapitalforvaltning AS Acquires Stake in EMCOR Group, Inc. (NYSE:EME)

In the fourth quarter, KLP Kapitalforvaltning AS purchased a new stake in EMCOR Group, Inc. (NYSE:EME - Get Report) shares in its last 13F filing with the SEC. The firm bought 48,600 shares of the construction company’s stock at a cost of $22,060,000. At the end of the quarter, KLP Kapitalforvaltning AS owned 0.11% of EMCOR Group. Other hedge funds and institutional investors also changed their positions in the company. Knights of Columbus Asset Advisors LLC purchased 82 shares in EMCOR Group, increasing its stake in the stock by 0.9% in the fourth quarter, 9,571 shares valued at $4,344,000. American Century Companies Inc. bought 96,108 more shares in the fourth quarter, increasing its stake by 81.6% in the company, 213,947 shares valued at $97,111,000. Quantbot Technologies LP made its first investment in EMCOR Group shares, with the stake amounting to $1,192,000. EMCOR Group’s institutional investors own 92.59% of the company’s stock. The P/E ratio of NYSE EME on Friday was 20.07, with a market cap of $17.97 billion and a beta of 1.14. The 50-day moving average of EMCOR Group, Inc. is $434.48, and its 200-day moving average is $450.16. EMCOR Group, Inc. has a low of $319.49 and a high of $545.30 over the last one year. Analysts expect EMCOR Group, Inc. to post $20.74 earnings per share this fiscal year, although EMCOR Group (NYSE:EME - Get Free Report) last released quarterly earnings on Wednesday, February 26th, beating consensus estimates by $0.79 with earnings of $6.32 per share, while revenue of $3.77 billion was below analyst estimates of $3.81 billion. EMCOR Group has a net margin of 6.51% and a return on equity of 34.99%.