Man Group plc Lowers Stock Position in EMCOR Group, Inc. (NYSE:EME)

Man Group plc lessened its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 21.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 318,840 shares of the construction company's stock after selling 84,810 shares during the period. Man Group plc owned about 0.69% of EMCOR Group worth $144,721,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC increased its stake in EMCOR Group by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock valued at $353,000 after purchasing an additional 19 shares in the last quarter. Adirondack Trust Co. increased its stake in EMCOR Group by 5.0% during the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company's stock valued at $191,000 after purchasing an additional 20 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock valued at $521,000 after purchasing an additional 21 shares in the last quarter. Petra Financial Advisors Inc. increased its stake in EMCOR Group by 1.4% during the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock valued at $789,000 after purchasing an additional 24 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in EMCOR Group by 14.4% during the 4th 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 during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Performance

Shares of NYSE EME opened at $472.00 on Wednesday. The company's fifty day moving average price is $391.10 and its 200 day moving average price is $442.36. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The company has a market capitalization of $21.13 billion, a PE ratio of 23.97 and a beta of 1.18.

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 (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.84. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company's revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $4.17 earnings per share. On average, equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has authorized a stock buyback 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 repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's payout ratio is 4.42%.

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 dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value 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. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $10,229,474.94. This represents a 4.33% decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EME. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

EMCOR Group Company 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.

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