Guggenheim Capital LLC Sells 3,551 Shares of EMCOR Group, Inc. (NYSE:EME)

Guggenheim Capital LLC cut its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 66.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,832 shares of the construction company's stock after selling 3,551 shares during the quarter. Guggenheim Capital LLC's holdings in EMCOR Group were worth $832,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EME. SkyView Investment Advisors LLC raised its holdings in EMCOR Group by 0.9% during the third quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company's stock worth $3,243,000 after purchasing an additional 68 shares in the last quarter. Fulcrum Equity Management purchased a new position in EMCOR Group in the 3rd quarter worth about $205,000. World Investment Advisors LLC acquired a new position in EMCOR Group in the 3rd quarter worth approximately $238,000. Wilmington Savings Fund Society FSB increased its holdings in shares of EMCOR Group by 46.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company's stock valued at $409,000 after purchasing an additional 301 shares during the period. Finally, Franklin Resources Inc. increased its stake in EMCOR Group by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company's stock valued at $31,143,000 after buying an additional 5,007 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on EME shares. Stifel Nicolaus lowered their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Price Performance

Shares of EME stock traded up $0.05 during trading hours on Tuesday, reaching $410.31. 61,793 shares of the company were exchanged, compared to its average volume of 461,152. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 20.80 and a beta of 1.08. The stock's fifty day moving average is $385.65 and its two-hundred day moving average is $443.60. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating analysts' consensus estimates of $5.53 by $0.79. The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.24%. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% 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.