Handelsbanken Fonder AB Purchases 1,600 Shares of EMCOR Group, Inc. (NYSE:EME)

Handelsbanken Fonder AB increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 13.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,816 shares of the construction company's stock after purchasing an additional 1,600 shares during the period. Handelsbanken Fonder AB's holdings in EMCOR Group were worth $5,107,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Petra Financial Advisors Inc. lifted its position in shares of EMCOR Group by 1.4% during the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock worth $789,000 after purchasing an additional 24 shares during the last quarter. True Wealth Design LLC raised its holdings in EMCOR Group by 24.3% in the 4th quarter. True Wealth Design LLC now owns 133 shares of the construction company's stock valued at $60,000 after acquiring an additional 26 shares in the last quarter. GeoWealth Management LLC raised its holdings in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after acquiring an additional 28 shares in the last quarter. Continuum Advisory LLC raised its holdings in EMCOR Group by 53.7% in the 4th quarter. Continuum Advisory LLC now owns 83 shares of the construction company's stock valued at $38,000 after acquiring an additional 29 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its holdings in EMCOR Group by 4.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 804 shares of the construction company's stock valued at $359,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EME shares. Stifel Nicolaus cut their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. UBS Group started coverage on EMCOR Group in a report on Friday. They issued a "buy" rating and a $570.00 price target for the company. Finally, Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $509.60.

EMCOR Group Price Performance

Shares of EME traded down $4.43 during mid-day trading on Tuesday, reaching $481.38. The company had a trading volume of 567,238 shares, compared to its average volume of 451,185. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.16 and a quick ratio of 1.14. The company's 50-day moving average is $440.06 and its 200-day moving average is $439.21. The company has a market capitalization of $21.55 billion, a P/E ratio of 21.27 and a beta of 1.23.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. EMCOR Group had a return on equity of 37.12% and a net margin of 7.00%. The business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the prior year, the firm posted $4.17 EPS. EMCOR Group's quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date 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 (DPR) is presently 4.42%.

EMCOR Group declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related 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 transaction of $390,950.01. Following the sale, the director now directly owns 7,094 shares in the company, valued at $2,928,616.02. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the sale, the chief executive officer now owns 208,989 shares in the company, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.