OneDigital Investment Advisors LLC Sells 1,764 Shares of EMCOR Group, Inc. (NYSE:EME)

OneDigital Investment Advisors LLC reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,478 shares of the construction company's stock after selling 1,764 shares during the period. OneDigital Investment Advisors LLC's holdings in EMCOR Group were worth $2,486,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Summit Securities Group LLC bought a new position in EMCOR Group in the 4th quarter valued at $45,000. SJS Investment Consulting Inc. grew its holdings in EMCOR Group by 494.7% during 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 during the period. MassMutual Private Wealth & Trust FSB increased its stake in EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after purchasing an additional 25 shares in the last quarter. Altshuler Shaham Ltd grew its holdings in shares of EMCOR Group by 2,063.6% in the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock valued at $108,000 after buying an additional 227 shares during the period. Finally, GeoWealth Management LLC increased its position in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after buying an additional 28 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

EMCOR Group stock traded up $0.25 during midday trading on Tuesday, reaching $410.51. 101,475 shares of the company's stock were exchanged, compared to its average volume of 461,321. The stock's 50-day simple moving average is $385.65 and its 200 day simple moving average is $443.60. The firm has a market cap of $18.50 billion, a price-to-earnings ratio of 20.83 and a beta of 1.08. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.81 billion. Research analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share 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 buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.24%. EMCOR Group's dividend payout ratio is presently 4.64%.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were 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 owns 27,642 shares of the company's stock, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

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

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.