EMCOR Group, Inc. (NYSE:EME) Stock Position Lifted by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 40.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,151 shares of the construction company's stock after buying an additional 10,206 shares during the quarter. Gotham Asset Management LLC owned about 0.08% of EMCOR Group worth $15,955,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EME. Summit Securities Group LLC purchased a new stake in shares of EMCOR Group in the fourth quarter valued at about $45,000. SJS Investment Consulting Inc. grew its holdings in shares of EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after purchasing an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after purchasing an additional 25 shares during the period. Altshuler Shaham Ltd grew its holdings in shares of EMCOR Group by 2,063.6% in the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock valued at $108,000 after purchasing an additional 227 shares during the period. Finally, GeoWealth Management LLC grew its holdings in shares of EMCOR Group by 12.4% in the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In related news, 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 transaction of $390,950.01. Following the transaction, the director now directly owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the business'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 in the company, valued at $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. Insiders sold 9,197 shares of company stock worth $3,905,748 in the last 90 days. 0.83% of the stock is owned by company insiders.

EMCOR Group Stock Down 1.2%

Shares of NYSE EME traded down $5.90 during mid-day trading on Wednesday, hitting $466.48. 599,268 shares of the company were exchanged, compared to its average volume of 470,118. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The stock has a 50 day simple moving average of $393.05 and a 200-day simple moving average of $442.56. The firm has a market cap of $20.88 billion, a price-to-earnings ratio of 23.69 and a beta of 1.18.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping 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 return on equity of 34.99% and a net margin of 6.51%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.17 EPS. Analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of research analysts have commented on EME shares. Stifel Nicolaus decreased their target price on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.