EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Ethic Inc.

Ethic Inc. lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,537 shares of the construction company's stock after buying an additional 1,057 shares during the quarter. Ethic Inc.'s holdings in EMCOR Group were worth $1,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Koshinski Asset Management Inc. raised its stake in shares of EMCOR Group by 4.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC increased its stake in EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after buying an additional 667 shares during the period. PFW Advisors LLC purchased a new stake in EMCOR Group during the 4th quarter worth $689,000. Janney Montgomery Scott LLC lifted its holdings in EMCOR Group by 108.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock worth $7,439,000 after buying an additional 8,545 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in EMCOR Group by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company's stock valued at $4,495,000 after buying an additional 502 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EME has been the topic of a number of analyst reports. Stifel Nicolaus dropped their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $494.50.

Insiders Place Their Bets

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

EMCOR Group Stock Performance

EME opened at $457.85 on Tuesday. The company has a market capitalization of $20.49 billion, a P/E ratio of 23.25 and a beta of 1.18. The company has a 50-day moving average of $391.10 and a 200-day moving average of $442.36. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

EMCOR Group announced that its board has authorized a share buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase programs are generally an indication 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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