Navellier & Associates Inc. Purchases 17,025 Shares of EMCOR Group, Inc. (NYSE:EME)

Navellier & Associates Inc. lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 58.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,097 shares of the construction company's stock after acquiring an additional 17,025 shares during the quarter. EMCOR Group makes up 1.5% of Navellier & Associates Inc.'s portfolio, making the stock its 12th biggest holding. Navellier & Associates Inc. owned 0.10% of EMCOR Group worth $9,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EME. Commonwealth Equity Services LLC lifted its stake in EMCOR Group by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 4,795 shares of the construction company's stock valued at $1,009,000 after acquiring an additional 206 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in EMCOR Group by 55.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,402 shares of the construction company's stock worth $505,000 after buying an additional 852 shares during the last quarter. Mackenzie Financial Corp grew its holdings in EMCOR Group by 2.1% during the third quarter. Mackenzie Financial Corp now owns 3,326 shares of the construction company's stock valued at $678,000 after purchasing an additional 69 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of EMCOR Group by 27.9% in the third quarter. Teacher Retirement System of Texas now owns 26,432 shares of the construction company's stock valued at $5,561,000 after purchasing an additional 5,768 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of EMCOR Group in the third quarter worth $212,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a "buy" rating and issued a $375.00 target price on shares of EMCOR Group in a report on Friday, March 22nd.

EMCOR Group Price Performance

Shares of EME traded up $2.78 on Friday, reaching $378.37. 258,041 shares of the stock traded hands, compared to its average volume of 449,794. The stock's 50-day moving average price is $352.22 and its 200-day moving average price is $273.37. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 24.96 and a beta of 1.07. EMCOR Group, Inc. has a 12 month low of $161.49 and a 12 month high of $385.90.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $1.25. The firm had revenue of $3.43 billion for the quarter. EMCOR Group had a net margin of 5.48% and a return on equity of 30.38%. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 16.1 earnings per share for the current fiscal year.

EMCOR Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.25 per share. This is a boost from EMCOR Group's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. EMCOR Group's dividend payout ratio (DPR) is currently 6.60%.

Insider Buying and Selling at EMCOR Group

In other news, CEO Anthony Guzzi sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $319.65, for a total value of $1,917,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,023 shares of the company's stock, valued at approximately $70,010,701.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.26% of the company's stock.

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.