Crestline Management LP Buys Shares of 897 EMCOR Group, Inc. (NYSE:EME)

Crestline Management LP acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 897 shares of the construction company's stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Summit Securities Group LLC purchased a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $45,000. SJS Investment Consulting Inc. increased its position in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after buying an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after purchasing an additional 25 shares during the period. Altshuler Shaham Ltd boosted its holdings in EMCOR Group by 2,063.6% in the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock valued at $108,000 after purchasing an additional 227 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in shares of EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

EMCOR Group stock traded down $2.29 during midday trading on Thursday, reaching $464.28. The stock had a trading volume of 486,928 shares, compared to its average volume of 470,198. The stock's 50-day simple moving average is $393.05 and its 200 day simple moving average is $442.56. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The stock has a market capitalization of $20.78 billion, a PE ratio of 23.58 and a beta of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.17 EPS. Equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.22%. EMCOR Group's dividend payout ratio is currently 4.42%.

Insider Activity at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,197 shares of company stock worth $3,905,748. Corporate insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the subject of several research reports. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price of $494.50.

EMCOR Group Company 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.