NBC Securities Inc. Boosts Holdings in EMCOR Group, Inc. (NYSE:EME)

NBC Securities Inc. lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 104,800.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,147 shares of the construction company's stock after acquiring an additional 3,144 shares during the quarter. NBC Securities Inc.'s holdings in EMCOR Group were worth $1,163,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BTC Capital Management Inc. grew its stake in shares of EMCOR Group by 11.8% in the 1st quarter. BTC Capital Management Inc. now owns 1,772 shares of the construction company's stock worth $655,000 after acquiring an additional 187 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of EMCOR Group by 1,568.8% in the 1st quarter. Rothschild Investment LLC now owns 267 shares of the construction company's stock worth $99,000 after acquiring an additional 251 shares in the last quarter. GAMMA Investing LLC grew its position in EMCOR Group by 49,775.5% during the first quarter. GAMMA Investing LLC now owns 374,066 shares of the construction company's stock valued at $138,266,000 after buying an additional 373,316 shares during the period. Central Pacific Bank Trust Division grew its position in EMCOR Group by 5.2% during the first quarter. Central Pacific Bank Trust Division now owns 1,929 shares of the construction company's stock valued at $713,000 after buying an additional 96 shares during the period. Finally, Wellington Management Group LLP grew its position in EMCOR Group by 152.6% during the fourth quarter. Wellington Management Group LLP now owns 83,294 shares of the construction company's stock valued at $37,807,000 after buying an additional 50,323 shares during the period. Institutional investors own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In related news, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the sale, the director now directly owns 7,094 shares of the company's stock, valued at $2,928,616.02. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction that occurred 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 completion of 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 represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,197 shares of company stock valued at $3,905,748. 0.83% of the stock is currently owned by corporate insiders.

EMCOR Group Price Performance

NYSE:EME traded up $2.33 on Thursday, reaching $484.97. 350,942 shares of the company's stock were exchanged, compared to its average volume of 450,560. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of 24.63 and a beta of 1.18. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The stock has a fifty day simple moving average of $417.15 and a 200-day simple moving average of $441.47.

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 for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $4.17 earnings per share. As a group, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has initiated a share repurchase program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits 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 management believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date was Thursday, April 17th. EMCOR Group's payout ratio is 4.42%.

Analyst Ratings Changes

EME has been the subject of several research reports. Wall Street Zen lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price target on shares of 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 issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.