Caxton Associates LP Invests $654,000 in EMCOR Group, Inc. (NYSE:EME)

Caxton Associates LP acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,441 shares of the construction company's stock, valued at approximately $654,000.

Several other institutional investors have also added to or reduced their stakes in EME. World Investment Advisors LLC purchased a new stake in EMCOR Group during the third quarter valued at about $238,000. Franklin Resources Inc. lifted its holdings in EMCOR Group by 7.8% during the third quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company's stock valued at $31,143,000 after purchasing an additional 5,007 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of EMCOR Group by 63.4% in the fourth quarter. GAMMA Investing LLC now owns 750 shares of the construction company's stock worth $340,000 after buying an additional 291 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of EMCOR Group by 2,246.2% in the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock worth $65,036,000 after buying an additional 136,501 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of EMCOR Group in the fourth quarter worth about $969,000. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were 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 in the company, valued at $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,197 shares of company stock valued at $3,905,748 over the last three months. 0.83% of the stock is owned by corporate insiders.

EMCOR Group Stock Performance

EME traded up $12.59 on Monday, reaching $452.02. The company had a trading volume of 133,114 shares, compared to its average volume of 465,946. The business has a 50 day simple moving average of $389.79 and a 200 day simple moving average of $442.15. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 22.95 and a beta of 1.18. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The business had revenue of $3.87 billion for 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%. EMCOR Group's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $4.17 earnings per share. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

EMCOR Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered 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 analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company 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.