EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,119 shares of the construction company's stock after acquiring an additional 7,268 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.12% of EMCOR Group worth $25,926,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in EME. Perigon Wealth Management LLC boosted its holdings in shares of EMCOR Group by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock valued at $353,000 after buying an additional 19 shares in the last quarter. Adirondack Trust Co. lifted its position in EMCOR Group by 5.0% in the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company's stock valued at $191,000 after acquiring an additional 20 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in EMCOR Group by 1.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock valued at $521,000 after acquiring an additional 21 shares in the last quarter. Petra Financial Advisors Inc. grew its holdings in shares of EMCOR Group by 1.4% during the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock worth $789,000 after purchasing an additional 24 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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 decreased their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $494.50.

Insider Buying and Selling at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of the firm'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 completion of the sale, the director now directly owns 7,094 shares of the company's stock, valued at $2,928,616.02. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,197 shares of company stock valued at $3,905,748. 0.83% of the stock is owned by company insiders.

EMCOR Group Trading Up 1.1%

Shares of NYSE EME traded up $5.05 during midday trading on Monday, reaching $463.36. 397,618 shares of the company were exchanged, compared to its average volume of 471,673. The stock has a market cap of $20.74 billion, a P/E ratio of 23.53 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 has a fifty day simple moving average of $406.92 and a 200 day simple moving average of $442.76.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm earned $4.17 EPS. As a group, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Announces Dividend

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

EMCOR Group announced that its board has approved a share repurchase plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

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.