3,199 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Voleon Capital Management LP

Voleon Capital Management LP acquired a new position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,199 shares of the construction company's stock, valued at approximately $1,452,000.

A number of other institutional investors also recently modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of EMCOR Group during the 4th quarter valued at about $45,000. SJS Investment Consulting Inc. grew its position in 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 acquiring an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position 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 during the last quarter. Altshuler Shaham Ltd raised its stake in shares of 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 buying an additional 227 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in EMCOR Group by 12.4% in 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 last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EMCOR Group stock traded up $5.69 during trading hours on Monday, hitting $435.88. The company's stock had a trading volume of 551,367 shares, compared to its average volume of 467,257. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The company has a market capitalization of $19.64 billion, a PE ratio of 22.14 and a beta of 1.08. The stock has a 50 day moving average of $386.43 and a 200 day moving average of $442.60.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.17 earnings per share. Equities analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were issued a dividend of $0.25 per share. 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 0.23%. EMCOR Group's payout ratio is presently 4.42%.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on EME shares. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $494.50.

Insiders Place Their Bets

In related news, Director Robin A. Walker-Lee sold 947 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $412.83, for a total value of $390,950.01. Following the completion of the transaction, the director now directly owns 7,094 shares of the company's stock, valued at approximately $2,928,616.02. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. 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.