EMCOR Group, Inc. (NYSE:EME) Stock Position Lowered by Ellevest Inc.

Ellevest Inc. reduced its position in shares of EMCOR Group, Inc. (NYSE:EME) by 12.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 563 shares of the construction company’s stock after selling 79 shares during the period. Ellevest Inc.’s holdings in EMCOR Group were worth $256,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in EMCOR Group during the 4th quarter worth about $45,000. SJS Investment Consulting Inc. boosted its holdings in shares of EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after purchasing an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB grew its position 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 valued at $90,000 after purchasing an additional 25 shares in the last quarter. Altshuler Shaham Ltd increased its stake in 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 lifted its position in EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company’s stock worth $115,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Insider Activity at EMCOR Group

In other news, Director Robin A. Walker-Lee sold 947 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $412.83, for a total transaction of $390,950.01. Following the transaction, the director now owns 7,094 shares in the company, valued at approximately $2,928,616.02. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony Guzzi sold 7,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.03, for a total transaction of $3,052,210.00. Following the completion of the sale, the chief executive officer now owns 208,989 shares of the company’s stock, valued at approximately $91,125,473.67. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,197 shares of company stock worth $3,905,748. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EME shares. StockNews.com downgraded shares of 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 EMCOR Group from $514.00 to $503.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $494.50.

EMCOR Group Trading Down 0.2 %

EME stock opened at $439.21 on Friday. The firm has a market cap of $19.66 billion, a PE ratio of 22.31 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 company has a fifty day simple moving average of $389.79 and a 200 day simple moving average of $442.18.

EMCOR Group (NYSE:EME) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 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 for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm posted $4.17 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, 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 approved a share buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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. This represents a $1.00 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group’s dividend payout ratio is currently 4.42%.

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.