Siemens Fonds Invest GmbH Boosts Stake in EMCOR Group, Inc. (NYSE:EME)

Siemens Fonds Invest GmbH raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 339.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,208 shares of the construction company's stock after buying an additional 1,705 shares during the period. Siemens Fonds Invest GmbH's holdings in EMCOR Group were worth $1,002,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Redwood Investment Management LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth about $1,417,000. Janney Montgomery Scott LLC increased its position in shares of EMCOR Group by 108.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock worth $7,439,000 after purchasing an additional 8,545 shares in the last quarter. Van ECK Associates Corp increased its position in shares of EMCOR Group by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company's stock worth $4,495,000 after purchasing an additional 502 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of EMCOR Group during the fourth quarter worth about $1,192,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of EMCOR Group during the fourth quarter worth about $7,091,000. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EME. Wall Street Zen cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One equities 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $494.50.

EMCOR Group Stock Performance

EME traded up $2.94 during trading on Friday, reaching $471.20. The company's stock had a trading volume of 807,378 shares, compared to its average volume of 471,463. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company's fifty day moving average price is $412.30 and its 200-day moving average price is $442.47. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 23.93 and a beta of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share 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 in the previous year, the company earned $4.17 EPS. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. Equities analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

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

Insider Buying and Selling at EMCOR Group

In other news, 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 sale, the chief executive officer now owns 208,989 shares of the company's stock, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin A. Walker-Lee sold 947 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 in the company, valued at $2,928,616.02. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,197 shares of company stock valued at $3,905,748. 0.83% of the stock is owned by corporate insiders.

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.