Aware Super Pty Ltd as trustee of Aware Super Acquires New Shares in EMCOR Group, Inc. (NYSE:EME)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 79,576 shares of the construction company's stock, valued at approximately $36,120,000. Aware Super Pty Ltd as trustee of Aware Super owned approximately 0.17% of EMCOR Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Koshinski Asset Management Inc. boosted its stake in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after purchasing an additional 26 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in EMCOR Group by 3,510.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after purchasing an additional 667 shares during the last quarter. PFW Advisors LLC purchased a new stake in EMCOR Group during the fourth quarter valued at about $689,000. Central Pacific Bank Trust Division boosted its position in EMCOR Group by 382.4% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,833 shares of the construction company's stock valued at $832,000 after buying an additional 1,453 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of EMCOR Group by 108.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock valued at $7,439,000 after buying an additional 8,545 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EME has been the subject of several analyst reports. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $497.25.

Insider Buying and Selling

In other 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 sale, the chief accounting officer now directly 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 legal filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Down 1.0 %

Shares of EMCOR Group stock traded down $3.79 during trading on Friday, reaching $378.61. 359,200 shares of the stock were exchanged, compared to its average volume of 465,826. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 19.23 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. The stock's fifty day moving average is $390.41 and its 200 day moving average is $445.58.

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

EMCOR Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

EMCOR Group declared that its Board of Directors has initiated 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 purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.