EMCOR Group, Inc. (NYSE:EME) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 58.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,123 shares of the construction company's stock after selling 4,377 shares during the period. Temasek Holdings Private Ltd's holdings in EMCOR Group were worth $1,418,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of EMCOR Group by 28.0% in the fourth quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after purchasing an additional 288,765 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of EMCOR Group by 1.6% in the fourth quarter. Select Equity Group L.P. now owns 1,064,003 shares of the construction company's stock worth $482,951,000 after purchasing an additional 16,563 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EMCOR Group by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after purchasing an additional 25,502 shares during the last quarter. Norges Bank bought a new stake in shares of EMCOR Group in the fourth quarter worth about $299,855,000. Finally, Northern Trust Corp grew its stake in shares of EMCOR Group by 22.9% in the fourth quarter. Northern Trust Corp now owns 550,883 shares of the construction company's stock worth $250,046,000 after purchasing an additional 102,738 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Down 1.8%

EMCOR Group stock traded down $8.28 during mid-day trading on Wednesday, hitting $464.24. The stock had a trading volume of 355,121 shares, compared to its average volume of 471,823. The firm has a market capitalization of $20.78 billion, a P/E ratio of 23.58 and a beta of 1.18. The firm's 50 day moving average is $404.11 and its 200 day moving average is $443.71. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30.

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

EMCOR Group announced that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding 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 an indication that the company's management 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 given a $0.25 dividend. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.22%. EMCOR Group's payout ratio is 4.42%.

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction dated 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 owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the transaction, the chief executive officer now 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. Insiders sold 9,197 shares of company stock valued at $3,905,748 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on EME shares. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price objective 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 analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average target price 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.