DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $990,000 Stake in EMCOR Group, Inc. (NYSE:EME)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 301.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,182 shares of the construction company's stock after purchasing an additional 1,638 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in EMCOR Group were worth $990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EME. EP Wealth Advisors LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $202,000. Colonial Trust Co SC boosted its position in EMCOR Group by 9.2% during the 4th quarter. Colonial Trust Co SC now owns 1,034 shares of the construction company's stock worth $469,000 after acquiring an additional 87 shares during the period. Concentric Capital Strategies LP boosted its position in EMCOR Group by 27.1% during the 4th quarter. Concentric Capital Strategies LP now owns 5,940 shares of the construction company's stock worth $2,696,000 after acquiring an additional 1,267 shares during the period. Cornerstone Select Advisors LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $528,000. Finally, Corton Capital Inc. acquired a new stake in EMCOR Group during the 4th quarter worth about $257,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME stock traded down $2.29 during trading on Thursday, reaching $464.28. The company had a trading volume of 489,871 shares, compared to its average volume of 470,198. The firm's 50 day simple moving average is $393.05 and its two-hundred day simple moving average is $442.56. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The company 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 issued its quarterly earnings data 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the business earned $4.17 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. Analysts forecast 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 Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.22%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio is currently 4.42%.

EMCOR Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

EME has been the subject of a number of research reports. Stifel Nicolaus decreased their price objective on 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 lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $494.50.

Insiders Place Their Bets

In other news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total transaction of $390,950.01. Following the sale, the director now owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction on Thursday, March 13th. The shares were 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 in the company, 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. Insiders have sold a total of 9,197 shares of company stock valued at $3,905,748 in the last three months. Company insiders own 0.83% of the company's stock.

EMCOR Group 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.