Barclays PLC Purchases 56,477 Shares of EMCOR Group, Inc. (NYSE:EME)

Barclays PLC raised its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 108.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,396 shares of the construction company's stock after buying an additional 56,477 shares during the period. Barclays PLC owned about 0.24% of EMCOR Group worth $49,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. raised its position in shares of EMCOR Group by 4.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after purchasing an additional 26 shares during the period. Wolff Wiese Magana LLC raised its holdings in EMCOR Group by 3,510.5% during the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after buying an additional 667 shares during the period. 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 holdings in shares of EMCOR Group by 382.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,833 shares of the construction company's stock worth $832,000 after buying an additional 1,453 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings 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 acquiring an additional 8,545 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 5.9 %

EMCOR Group stock traded up $22.07 on Wednesday, hitting $395.27. The company's stock had a trading volume of 87,007 shares, compared to its average volume of 462,907. The company has a fifty day moving average price of $387.91 and a 200-day moving average price of $444.78. The firm has a market cap of $17.97 billion, a P/E ratio of 20.07 and a beta of 1.08. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (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 analyst estimates of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. Analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 0.25%. EMCOR Group's dividend payout ratio is currently 4.64%.

Insider Buying and Selling at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction that occurred 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 directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

EME has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a report on Thursday, February 27th. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $497.25.

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.