EMCOR Group, Inc. (NYSE:EME) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 49,775.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,066 shares of the construction company's stock after acquiring an additional 373,316 shares during the period. GAMMA Investing LLC owned approximately 0.82% of EMCOR Group worth $138,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EME. Norges Bank acquired a new stake in shares of EMCOR Group in the 4th quarter worth approximately $299,855,000. Invesco Ltd. grew its holdings in shares of EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after acquiring an additional 288,765 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of EMCOR Group by 94.2% in the 4th quarter. Ameriprise Financial Inc. now owns 306,999 shares of the construction company's stock worth $139,349,000 after acquiring an additional 148,915 shares during the period. First Trust Advisors LP grew its holdings in shares of EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after acquiring an additional 129,186 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of EMCOR Group by 22.9% in the 4th quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after acquiring an additional 102,738 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 0.5%

Shares of EME stock traded up $2.33 during mid-day trading on Thursday, hitting $484.97. 350,942 shares of the company's stock were exchanged, compared to its average volume of 450,240. 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 50-day simple moving average of $421.71 and a two-hundred day simple moving average of $441.65. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 24.63 and a beta of 1.18.

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

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

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. 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 4.42%.

Insider Transactions at EMCOR Group

In related news, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at $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 have sold 9,197 shares of company stock worth $3,905,748 over the last quarter. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report 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 given a buy rating to the stock. According to MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average price target of $494.50.

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.