Algert Global LLC Sells 608 Shares of EMCOR Group, Inc. (NYSE:EME)

Algert Global LLC trimmed its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,977 shares of the construction company's stock after selling 608 shares during the period. Algert Global LLC's holdings in EMCOR Group were worth $4,982,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares of the company's stock, valued at $2,928,616.02. This represents a 11.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's 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 sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

EMCOR Group Stock Performance

Shares of EME opened at $435.88 on Tuesday. The company has a 50 day moving average price of $386.73 and a 200-day moving average price of $442.48. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The stock has a market capitalization of $19.51 billion, a PE ratio of 22.14 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 for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the business earned $4.17 earnings per share. EMCOR Group's revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.23%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

EMCOR Group announced that its board has approved a share repurchase program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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.

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