EMCOR Group, Inc. (NYSE:EME) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,037 shares of the construction company's stock after selling 1,071 shares during the period. MML Investors Services LLC's holdings in EMCOR Group were worth $5,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in EMCOR Group in the 4th 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 in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 25 shares during the period. Altshuler Shaham Ltd increased its stake in EMCOR Group by 2,063.6% during the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after buying an additional 227 shares during the period. Finally, GeoWealth Management LLC lifted its holdings in EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EME shares. Stifel Nicolaus reduced their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, EMCOR Group has a consensus rating of "Moderate Buy" and a consensus price target of $497.25.

EMCOR Group Trading Up 2.9 %

NYSE:EME traded up $11.53 during midday trading on Thursday, hitting $412.23. 200,267 shares of the company were exchanged, compared to its average volume of 463,435. The company has a fifty day simple moving average of $385.35 and a 200 day simple moving average of $443.09. The company has a market capitalization of $18.57 billion, a PE ratio of 20.99 and a beta of 1.08. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

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

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were issued 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 dividend yield of 0.24%. EMCOR Group's payout ratio is 4.42%.

EMCOR Group announced that its board has approved a stock buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction on 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 sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.26% of the company's stock.

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.