Hsbc Holdings PLC Has $16.60 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Hsbc Holdings PLC boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,515 shares of the construction company's stock after buying an additional 8,175 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of EMCOR Group worth $16,602,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of EMCOR Group by 28.0% in the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock worth $598,465,000 after acquiring an additional 288,765 shares during the period. Geode Capital Management LLC increased 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 valued at $463,320,000 after purchasing an additional 25,502 shares during the period. Norges Bank bought a new stake in shares of EMCOR Group during the fourth quarter valued at approximately $299,855,000. First Trust Advisors LP grew its holdings in EMCOR Group by 35.2% in the 4th quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after buying an additional 129,186 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in EMCOR Group by 21.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company's stock valued at $196,500,000 after acquiring an additional 75,578 shares during the period. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction 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 transaction, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.26% of the company's stock.

EMCOR Group Stock Up 4.7 %

Shares of EME traded up $19.36 during mid-day trading on Friday, reaching $431.88. The company's stock had a trading volume of 183,678 shares, compared to its average volume of 464,177. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The company has a market cap of $19.46 billion, a price-to-earnings ratio of 21.94 and a beta of 1.08. The business has a fifty day moving average of $385.79 and a 200 day moving average of $442.81.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. The company had revenue of $3.87 billion for 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 business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.17 EPS. On average, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

EMCOR Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.23%. EMCOR Group's payout ratio is 4.42%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered 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 note on Thursday. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus 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.