American Century Companies Inc. Buys 96,108 Shares of EMCOR Group, Inc. (NYSE:EME)

American Century Companies Inc. raised its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 81.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 213,947 shares of the construction company's stock after acquiring an additional 96,108 shares during the period. American Century Companies Inc. owned about 0.47% of EMCOR Group worth $97,111,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of EMCOR Group during the 3rd quarter worth approximately $503,000. Great Valley Advisor Group Inc. increased its stake in shares of EMCOR Group by 83.0% in the third quarter. Great Valley Advisor Group Inc. now owns 6,131 shares of the construction company's stock valued at $2,640,000 after buying an additional 2,781 shares during the period. Cerity Partners LLC raised its holdings in EMCOR Group by 142.1% during the 3rd quarter. Cerity Partners LLC now owns 12,641 shares of the construction company's stock worth $5,442,000 after purchasing an additional 7,419 shares during the last quarter. Algert Global LLC lifted its holdings in EMCOR Group by 848.0% in the third quarter. Algert Global LLC now owns 11,585 shares of the construction company's stock valued at $4,988,000 after buying an additional 10,363 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of EMCOR Group by 2,088.9% in the 3rd quarter. Penserra Capital Management LLC now owns 4,728 shares of the construction company's stock valued at $2,034,000 after purchasing an additional 4,512 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

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Analysts Set New Price Targets

Several research analysts recently issued reports on EME shares. Stifel Nicolaus cut their target price 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. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $497.25.

EMCOR Group Stock Performance

EME traded down $8.11 during midday trading on Friday, reaching $371.22. The company had a trading volume of 400,389 shares, compared to its average volume of 452,710. The business has a 50-day moving average price of $426.90 and a two-hundred day moving average price of $450.74. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The stock has a market cap of $16.88 billion, a PE ratio of 18.85 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a $0.25 dividend. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. EMCOR Group's payout ratio is currently 4.64%.

EMCOR Group declared that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the 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 $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.26% of the company's stock.

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.