EMCOR Group, Inc. (NYSE:EME) Shares Acquired by Vident Advisory LLC

Vident Advisory LLC boosted its position in EMCOR Group, Inc. (NYSE:EME) by 16.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,686 shares of the construction company’s stock after acquiring an additional 1,759 shares during the quarter. Vident Advisory LLC’s holdings in EMCOR Group were worth $5,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in EMCOR Group in the fourth quarter valued at about $45,000. SJS Investment Consulting Inc. lifted its position in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock valued at $51,000 after purchasing an additional 94 shares during the period. True Wealth Design LLC lifted its position in EMCOR Group by 24.3% in the fourth quarter. True Wealth Design LLC now owns 133 shares of the construction company’s stock valued at $60,000 after purchasing an additional 26 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in EMCOR Group by 14.4% in 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 during the period. Finally, Altshuler Shaham Ltd lifted its position in EMCOR Group by 2,063.6% in the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company’s stock valued at $108,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of EMCOR Group from $514.00 to $503.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. StockNews.com downgraded shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus target price of $494.50.

EMCOR Group Trading Down 0.2%

EME stock opened at $469.62 on Tuesday. The firm has a 50 day moving average of $400.62 and a 200-day moving average of $443.36. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The company has a market cap of $21.02 billion, a price-to-earnings ratio of 23.85 and a beta of 1.18.

EMCOR Group (NYSE:EME) last posted 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 net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period last year, the firm earned $4.17 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Sell-side analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.21%. EMCOR Group’s dividend payout ratio is currently 4.42%.

EMCOR Group announced that its board has approved a stock 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 repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

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 stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. The trade was a 4.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Anthony Guzzi sold 7,000 shares of EMCOR Group stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer now owns 208,989 shares of the company’s stock, valued at $91,125,473.67. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,197 shares of company stock worth $3,905,748 in the last ninety days. Insiders own 0.83% of the company’s stock.

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.