Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in EMCOR Group, Inc. (NYSE:EME)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 43,196 shares of the construction company's stock, valued at approximately $19,607,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of EMCOR Group at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EME. Baer Investment Advisory LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $3,533,000. Toronto Dominion Bank boosted its position in EMCOR Group by 198.3% during the 4th quarter. Toronto Dominion Bank now owns 17,874 shares of the construction company's stock worth $8,113,000 after acquiring an additional 11,882 shares during the period. GTS Securities LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $218,000. Burgundy Asset Management Ltd. boosted its position in EMCOR Group by 1.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 482,453 shares of the construction company's stock worth $218,985,000 after acquiring an additional 7,799 shares during the period. Finally, Vise Technologies Inc. boosted its position in EMCOR Group by 89.3% during the 4th quarter. Vise Technologies Inc. now owns 1,588 shares of the construction company's stock worth $721,000 after acquiring an additional 749 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of EMCOR Group stock traded up $2.94 during trading on Friday, hitting $471.20. 807,378 shares of the stock traded hands, compared to its average volume of 471,463. The stock has a market cap of $21.09 billion, a P/E ratio of 23.93 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. The company has a fifty day moving average price of $412.30 and a two-hundred day moving average price of $442.47.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (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 analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.17 EPS. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board 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 dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group's dividend payout ratio is 4.42%.

Insider Activity

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% 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 worth $3,905,748 in the last three months. 0.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EME. Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $494.50.

EMCOR Group 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.