EMCOR Group, Inc. (NYSE:EME) Shares Sold by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC decreased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,785 shares of the construction company's stock after selling 2,031 shares during the quarter. Abacus FCF Advisors LLC's holdings in EMCOR Group were worth $1,769,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price target on shares of 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 investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $494.50.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $5.76 during midday trading on Wednesday, hitting $471.69. The company had a trading volume of 329,940 shares, compared to its average volume of 450,080. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The stock has a market capitalization of $21.11 billion, a P/E ratio of 23.96 and a beta of 1.23. The company has a 50 day moving average of $430.61 and a 200 day moving average of $440.55.

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 the consensus estimate of $4.57 by $0.84. The business 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 revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.17 earnings per share. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

EMCOR Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the company's 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robin A. Walker-Lee sold 947 shares of the firm'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 transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares of the company's stock, valued at $2,928,616.02. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,197 shares of company stock worth $3,905,748. 1.26% of the stock is currently owned by insiders.

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.