B. Riley Wealth Advisors Inc. Sells 896 Shares of EMCOR Group, Inc. (NYSE:EME)

B. Riley Wealth Advisors Inc. lessened its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,546 shares of the construction company's stock after selling 896 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in EMCOR Group were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EME. Invesco Ltd. boosted its position in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock valued at $598,465,000 after purchasing an additional 288,765 shares in the last quarter. Select Equity Group L.P. boosted its position 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 valued at $482,951,000 after purchasing an additional 16,563 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of EMCOR Group by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock valued at $463,320,000 after purchasing an additional 25,502 shares in the last quarter. Norges Bank bought a new stake in shares of EMCOR Group during the 4th quarter valued at about $299,855,000. Finally, Northern Trust Corp boosted its position in shares of EMCOR Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock valued at $250,046,000 after purchasing an additional 102,738 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the topic of several research analyst reports. Stifel Nicolaus cut their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $494.50.

EMCOR Group Trading Down 0.4%

EME stock traded down $2.04 during trading on Monday, reaching $469.82. 330,859 shares of the stock were exchanged, compared to its average volume of 455,443. The firm's 50 day moving average is $415.04 and its 200 day moving average is $441.17. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The firm has a market cap of $21.03 billion, a P/E ratio of 23.86 and a beta of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping 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 business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business earned $4.17 EPS. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

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

EMCOR Group declared that its board has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of the 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This trade represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock valued at $3,905,748 over the last ninety days. 0.83% of the stock is currently owned by insiders.

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.