EMCOR Group, Inc. (NYSE:EME) Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 149.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,268 shares of the construction company's stock after purchasing an additional 18,119 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.07% of EMCOR Group worth $13,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EME. Invesco Ltd. raised 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 valued at $598,465,000 after buying an additional 288,765 shares during the last quarter. Select Equity Group L.P. increased its holdings in shares of 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 worth $482,951,000 after purchasing an additional 16,563 shares in the last quarter. Geode Capital Management LLC grew its stake 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 worth $463,320,000 after acquiring an additional 25,502 shares during the period. Norges Bank bought a new position in EMCOR Group in the fourth quarter worth approximately $299,855,000. Finally, Northern Trust Corp grew its holdings in EMCOR Group by 22.9% during the fourth 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 during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Down 0.4%

EME stock traded down $2.04 during mid-day trading on Monday, reaching $469.82. The company's stock had a trading volume of 330,859 shares, compared to its average volume of 455,440. The company's 50 day moving average is $413.49 and its two-hundred day moving average is $441.37. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The stock has a market cap of $21.03 billion, a PE 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 (EPS) for the quarter, beating 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 company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company earned $4.17 EPS. EMCOR Group's revenue for the quarter was up 12.7% compared to the same quarter last year. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Dividend Announcement

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

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction 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. The trade was a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the company's 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 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. In the last quarter, insiders sold 9,197 shares of company stock worth $3,905,748. Company insiders own 0.83% of the company's stock.

Analyst Ratings Changes

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