Voya Investment Management LLC Increases Holdings in EMCOR Group, Inc. (NYSE:EME)

Voya Investment Management LLC increased its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 21.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 26,620 shares of the construction company's stock after purchasing an additional 4,749 shares during the period. Voya Investment Management LLC owned 0.06% of EMCOR Group worth $12,083,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in EMCOR Group during the 4th quarter worth approximately $45,000. SJS Investment Consulting Inc. raised its position in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after purchasing an additional 25 shares during the last quarter. Altshuler Shaham Ltd lifted its position in shares of 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 last quarter. Finally, GeoWealth Management LLC lifted its holdings in shares of EMCOR Group by 12.4% in the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after acquiring an additional 28 shares during the last quarter. 92.59% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EME. Stifel Nicolaus cut their price objective on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a report on Thursday. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $494.50.

EMCOR Group Stock Performance

Shares of NYSE EME traded up $17.66 during midday trading on Friday, hitting $430.18. 678,549 shares of the stock traded hands, compared to its average volume of 466,920. The business has a 50 day moving average price of $386.43 and a two-hundred day moving average price of $442.60. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The company has a market cap of $19.38 billion, a PE ratio of 21.85 and a beta of 1.08.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business earned $4.17 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. EMCOR Group's dividend payout ratio is currently 4.42%.

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.