EMCOR Group, Inc. (NYSE:EME) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 170,637 shares of the construction company's stock after selling 25,678 shares during the period. Nuveen Asset Management LLC owned 0.37% of EMCOR Group worth $77,452,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of EMCOR Group by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 324,419 shares of the construction company's stock valued at $147,254,000 after purchasing an additional 17,585 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in EMCOR Group by 280.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 10,230 shares of the construction company's stock valued at $4,643,000 after buying an additional 7,543 shares in the last quarter. Janus Henderson Group PLC boosted its stake in EMCOR Group by 13.6% during the 4th quarter. Janus Henderson Group PLC now owns 3,819 shares of the construction company's stock worth $1,734,000 after purchasing an additional 456 shares during the last quarter. Guardian Wealth Advisors LLC NC purchased a new position in EMCOR Group in the fourth quarter worth approximately $202,000. Finally, Gotham Asset Management LLC lifted its holdings in EMCOR Group by 40.9% during the 4th quarter. Gotham Asset Management LLC now owns 35,151 shares of the construction company's stock worth $15,955,000 after buying an additional 10,206 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Activity

In other news, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group stock in a transaction 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. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction dated 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. The trade was a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,197 shares of company stock valued at $3,905,748 over the last three months. Insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. 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 research note on Thursday, May 1st. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $494.50.

EMCOR Group Stock Down 1.8%

Shares of EMCOR Group stock traded down $8.28 during trading on Wednesday, reaching $464.24. 355,121 shares of the stock were exchanged, compared to its average volume of 471,803. The firm has a market cap of $20.78 billion, a price-to-earnings ratio of 23.58 and a beta of 1.18. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The stock's fifty day moving average is $404.11 and its 200 day moving average is $443.71.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.17 EPS. Equities analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group announced that its board has authorized a stock buyback plan on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's payout ratio is 4.42%.

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.