Miura Global Management LLC Cuts Position in EMCOR Group, Inc. (NYSE:EME)

Miura Global Management LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the construction company's stock after selling 4,000 shares during the period. EMCOR Group accounts for approximately 2.0% of Miura Global Management LLC's investment portfolio, making the stock its 21st biggest holding. Miura Global Management LLC's holdings in EMCOR Group were worth $1,816,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $45,000. SJS Investment Consulting Inc. grew its holdings in EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of EMCOR Group by 14.4% during the 4th 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 in the last quarter. Altshuler Shaham Ltd grew its stake in shares of EMCOR Group by 2,063.6% in the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock valued at $108,000 after buying an additional 227 shares during the period. Finally, GeoWealth Management LLC increased its position in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after buying an additional 28 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the transaction, the chief executive officer now owns 208,989 shares in the company, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now owns 7,094 shares in the company, valued at $2,928,616.02. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,197 shares of company stock worth $3,905,748. Insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their target price 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. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $494.50.

EMCOR Group Trading Up 1.5%

EMCOR Group stock traded up $7.04 during midday trading on Friday, reaching $471.33. The stock had a trading volume of 424,039 shares, compared to its average volume of 470,915. The company has a market capitalization of $21.10 billion, a P/E ratio of 23.94 and a beta of 1.18. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The company has a fifty day moving average price of $396.92 and a two-hundred day moving average price of $442.95.

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

EMCOR Group declared that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

EMCOR Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is currently 4.42%.

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.