Baer Investment Advisory LLC Invests $3.53 Million in EMCOR Group, Inc. (NYSE:EME)

Baer Investment Advisory LLC bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,288 shares of the construction company's stock, valued at approximately $3,533,000. EMCOR Group accounts for about 7.3% of Baer Investment Advisory LLC's portfolio, making the stock its 3rd biggest position.

Several other institutional investors have also recently bought and sold shares of EME. Invesco Ltd. increased its stake in shares of EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after purchasing an additional 288,765 shares during the period. Select Equity Group L.P. grew its holdings in EMCOR Group by 1.6% in the 4th quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock valued at $482,951,000 after buying an additional 16,563 shares during the last quarter. Geode Capital Management LLC increased its position in EMCOR Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after buying an additional 25,502 shares during the period. Norges Bank acquired a new position in shares of EMCOR Group during the fourth quarter worth approximately $299,855,000. Finally, Northern Trust Corp lifted its holdings in shares of EMCOR Group by 22.9% during the fourth quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after buying an additional 102,738 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Up 2.7%

Shares of EME stock traded up $12.40 during mid-day trading on Tuesday, reaching $475.72. The stock had a trading volume of 340,488 shares, compared to its average volume of 471,148. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The firm has a market cap of $21.29 billion, a PE ratio of 24.16 and a beta of 1.18. The firm's 50 day simple moving average is $409.71 and its 200 day simple moving average is $442.64.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.78 billion. During the same period last year, the business earned $4.17 earnings per share. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its board has authorized a stock buyback plan on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio is 4.42%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares in the company, valued at approximately $2,928,616.02. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction on 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 sale, the chief executive officer now directly 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 ninety days, insiders have sold 9,197 shares of company stock valued at $3,905,748. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EME. Wall Street Zen downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Nicolaus decreased 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, May 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and an average price target of $494.50.

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.