Mercer Global Advisors Inc. ADV Has $2.06 Million Stake in EMCOR Group, Inc. (NYSE:EME)

Mercer Global Advisors Inc. ADV lessened its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 20.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,530 shares of the construction company's stock after selling 1,144 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in EMCOR Group were worth $2,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC bought a new stake in EMCOR Group in the fourth quarter valued at about $45,000. SJS Investment Consulting Inc. lifted its position in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after buying an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after buying an additional 25 shares in the last quarter. Altshuler Shaham Ltd raised its stake in EMCOR Group by 2,063.6% during the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after acquiring an additional 227 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in shares of EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after acquiring an additional 28 shares during the period. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Trading Down 0.2 %

Shares of EME traded down $1.03 during mid-day trading on Friday, hitting $439.21. 219,888 shares of the company traded hands, compared to its average volume of 466,530. The stock has a market capitalization of $19.66 billion, a price-to-earnings ratio of 22.31 and a beta of 1.18. The business has a 50-day moving average of $389.79 and a 200 day moving average of $442.20. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $5.41 EPS for the quarter, beating the consensus estimate 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 business'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 anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is 4.42%.

EMCOR Group announced that its Board of Directors has approved a stock 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 reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EME. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

Insider Buying and Selling

In other EMCOR Group news, Director Robin A. Walker-Lee sold 947 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the completion of the sale, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was 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 owns 208,989 shares in the company, valued at $91,125,473.67. This represents 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 valued at $3,905,748 over the last ninety days. Insiders own 1.26% of the company's stock.

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.