Kapitalo Investimentos Ltda Makes New $260,000 Investment in EMCOR Group, Inc. (NYSE:EME)

Kapitalo Investimentos Ltda bought a new stake in EMCOR Group, Inc. (NYSE:EME) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 573 shares of the construction company’s stock, valued at approximately $260,000.

Several other large investors have also modified their holdings of the stock. SkyView Investment Advisors LLC raised its stake in EMCOR Group by 0.9% during the third quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company’s stock valued at $3,243,000 after buying an additional 68 shares in the last quarter. Fulcrum Equity Management bought a new stake in shares of EMCOR Group in the 3rd quarter valued at approximately $205,000. World Investment Advisors LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter valued at approximately $238,000. Wilmington Savings Fund Society FSB lifted its stake in EMCOR Group by 46.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company’s stock worth $409,000 after purchasing an additional 301 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in EMCOR Group by 7.8% in the third quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company’s stock worth $31,143,000 after purchasing an additional 5,007 shares during the period. Institutional investors own 92.59% of the company’s stock.

EMCOR Group Stock Performance

Shares of EME opened at $413.72 on Wednesday. The firm has a fifty day moving average of $385.43 and a 200-day moving average of $443.39. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 21.01 and a beta of 1.08. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30.

EMCOR Group (NYSE:EME) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.81 billion. Analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

EMCOR Group Announces Dividend

The business 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 $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. EMCOR Group’s dividend payout ratio is presently 4.64%.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares of the company’s stock, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.