Livforsakringsbolaget Skandia Omsesidigt Raises Stock Position in EMCOR Group, Inc. (NYSE:EME)

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 4,285.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,219 shares of the construction company's stock after purchasing an additional 5,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in EMCOR Group were worth $1,928,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EME. Stratos Wealth Partners LTD. purchased a new position in EMCOR Group during the 4th quarter valued at about $211,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in EMCOR Group by 1.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,201 shares of the construction company's stock valued at $47,297,000 after purchasing an additional 1,447 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in shares of EMCOR Group by 119.8% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,090 shares of the construction company's stock worth $949,000 after acquiring an additional 1,139 shares during the period. Liberty Capital Management Inc. purchased a new position in shares of EMCOR Group during the 4th quarter worth approximately $610,000. Finally, Savant Capital LLC grew its holdings in shares of EMCOR Group by 1.0% during the 4th quarter. Savant Capital LLC now owns 6,205 shares of the construction company's stock worth $2,817,000 after acquiring an additional 63 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EME traded up $5.76 during mid-day trading on Wednesday, reaching $471.69. The company had a trading volume of 329,940 shares, compared to its average volume of 450,080. The firm has a 50-day moving average price of $430.61 and a 200 day moving average price of $440.55. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 23.96 and a beta of 1.23.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.17 EPS. As a group, research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stifel Nicolaus reduced their target price 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 downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

Insider Activity at EMCOR Group

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director now directly owns 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the business's 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 sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,197 shares of company stock valued at $3,905,748. 1.26% of the stock is owned by corporate 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.