Burgundy Asset Management Ltd. Buys 7,799 Shares of EMCOR Group, Inc. (NYSE:EME)

Burgundy Asset Management Ltd. raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,453 shares of the construction company's stock after buying an additional 7,799 shares during the quarter. EMCOR Group comprises 2.2% of Burgundy Asset Management Ltd.'s portfolio, making the stock its 9th biggest holding. Burgundy Asset Management Ltd. owned approximately 1.05% of EMCOR Group worth $218,985,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its position in EMCOR Group by 26.8% in the fourth quarter. Arkadios Wealth Advisors now owns 800 shares of the construction company's stock worth $363,000 after purchasing an additional 169 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of EMCOR Group in the 4th quarter worth $439,000. UMB Bank n.a. grew its stake in shares of EMCOR Group by 9.4% in the 4th quarter. UMB Bank n.a. now owns 1,139 shares of the construction company's stock worth $517,000 after buying an additional 98 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after buying an additional 25 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its holdings in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after buying an additional 26 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped 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 investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

EMCOR Group Stock Down 0.8%

Shares of EME traded down $3.72 during mid-day trading on Wednesday, hitting $471.88. 96,961 shares of the company traded hands, compared to its average volume of 525,002. The company has a market capitalization of $21.12 billion, a PE ratio of 23.95 and a beta of 1.18. The business has a 50 day moving average of $409.71 and a 200 day moving average of $442.64. 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 released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. EMCOR Group's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.17 EPS. As a group, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.21%. EMCOR Group's dividend payout ratio is currently 4.42%.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Insider Activity

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the 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 transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The shares were 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 owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. The trade was a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,197 shares of company stock valued at $3,905,748. Company insiders own 0.83% of the company's stock.

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.