EMCOR Group, Inc. (NYSE:EME) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,219 shares of the construction company's stock after selling 10,497 shares during the quarter. EMCOR Group comprises approximately 1.8% of Systematic Financial Management LP's holdings, making the stock its 2nd largest holding. Systematic Financial Management LP owned 0.34% of EMCOR Group worth $71,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EME. Perigon Wealth Management LLC grew its position in EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock worth $353,000 after acquiring an additional 19 shares in the last quarter. Adirondack Trust Co. lifted its stake in shares of EMCOR Group by 5.0% in 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 during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock worth $521,000 after purchasing an additional 21 shares during the period. Petra Financial Advisors Inc. boosted its holdings in shares of EMCOR Group by 1.4% in the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock worth $789,000 after purchasing an additional 24 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of EMCOR Group by 14.4% during the 4th 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 during the last quarter. 92.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price target on shares of EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $494.50.

EMCOR Group Trading Up 0.6%

Shares of NYSE:EME traded up $2.81 on Tuesday, hitting $472.80. 564,764 shares of the company were exchanged, compared to its average volume of 472,269. The firm has a market capitalization of $21.16 billion, a P/E ratio of 24.01 and a beta of 1.18. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The stock's 50 day moving average price is $400.62 and its 200 day moving average price is $443.36.

EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.57 by $0.84. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $4.17 EPS. On average, equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors 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 annualized dividend and a yield of 0.21%. EMCOR Group's dividend payout ratio (DPR) is presently 4.42%.

EMCOR Group announced that its board has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the 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 sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This trade represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were 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 directly owns 208,989 shares of the company's stock, valued at approximately $91,125,473.67. This trade represents a 3.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,197 shares of company stock worth $3,905,748. 0.83% of the stock is owned by company insiders.

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.