UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $165.98 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 365,667 shares of the construction company's stock after buying an additional 31,158 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.79% of EMCOR Group worth $165,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in EME. Arkadios Wealth Advisors lifted its holdings in shares of EMCOR Group by 26.8% during the 4th quarter. Arkadios Wealth Advisors now owns 800 shares of the construction company's stock valued at $363,000 after buying an additional 169 shares during the last quarter. HB Wealth Management LLC acquired a new stake in shares of EMCOR Group during the 4th quarter valued at about $439,000. UMB Bank n.a. raised its stake in shares of EMCOR Group by 9.4% in the 4th quarter. UMB Bank n.a. now owns 1,139 shares of the construction company's stock valued at $517,000 after acquiring an additional 98 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after acquiring an additional 25 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after acquiring an additional 26 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on Thursday, March 13th. The stock was 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 trade represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin A. Walker-Lee sold 947 shares of EMCOR Group 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. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,197 shares of company stock valued at $3,905,748 in the last three months. Company insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. 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 note on Thursday, May 1st. Wall Street Zen downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $494.50.

EMCOR Group Stock Performance

Shares of EME stock opened at $458.41 on Friday. The stock's 50 day simple moving average is $405.38 and its 200 day simple moving average is $443.69. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 23.28 and a beta of 1.18. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

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 the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.17 EPS. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized 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 management believes its shares are undervalued.

EMCOR Group Dividend Announcement

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

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