EMCOR Group, Inc. (NYSE:EME) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. reduced its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,518 shares of the construction company's stock after selling 6,158 shares during the quarter. Capital Fund Management S.A. owned approximately 0.10% of EMCOR Group worth $20,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Koshinski Asset Management Inc. boosted 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 in the last quarter. Wolff Wiese Magana LLC increased its holdings in EMCOR Group by 3,510.5% during the fourth 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 last quarter. PFW Advisors LLC bought a new position in EMCOR Group during the fourth quarter worth about $689,000. Central Pacific Bank Trust Division grew its position 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 valued at $832,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in EMCOR Group by 108.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock worth $7,439,000 after purchasing an additional 8,545 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Transactions at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now owns 27,642 shares of the company's stock, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EME. Stifel Nicolaus decreased their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research note 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 investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Stock Down 1.8 %

NYSE:EME traded down $7.13 during mid-day trading on Wednesday, hitting $382.97. 171,149 shares of the company traded hands, compared to its average volume of 541,837. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 19.45 and a beta of 1.08. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.29. The stock's fifty day moving average price is $395.09 and its 200-day moving average price is $446.72.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating 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 business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

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 buy up to 2.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

EMCOR Group Announces Dividend

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

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.