Aquatic Capital Management LLC Acquires 1,600 Shares of EMCOR Group, Inc. (NYSE:EME)

Aquatic Capital Management LLC boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 93.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,320 shares of the construction company's stock after buying an additional 1,600 shares during the quarter. Aquatic Capital Management LLC's holdings in EMCOR Group were worth $1,507,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of EMCOR Group in the fourth quarter valued at about $45,000. SJS Investment Consulting Inc. increased its position in shares of 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 purchasing an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased 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 during the last quarter. Altshuler Shaham Ltd raised its stake in shares of EMCOR Group by 2,063.6% during the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after purchasing an additional 227 shares in the last quarter. Finally, GeoWealth Management LLC grew its stake in shares of EMCOR Group by 12.4% in the fourth 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. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus dropped their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday. StockNews.com cut shares of 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $494.50.

Insider Activity at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $5.67 during trading hours on Monday, hitting $435.86. 94,335 shares of the stock were exchanged, compared to its average volume of 541,094. The company's fifty day simple moving average is $386.43 and its two-hundred day simple moving average is $442.60. The company has a market cap of $19.64 billion, a PE ratio of 22.14 and a beta of 1.08. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.29.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the business posted $4.17 EPS. The company's revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. EMCOR Group's payout ratio is currently 4.42%.

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

About EMCOR Group

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.