Commonwealth Equity Services LLC Raises Holdings in EMCOR Group, Inc. (NYSE:EME)

Commonwealth Equity Services LLC lifted its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,947 shares of the construction company's stock after buying an additional 945 shares during the quarter. Commonwealth Equity Services LLC's holdings in EMCOR Group were worth $4,515,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EME. Koshinski Asset Management Inc. raised its stake in EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock valued at $298,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC raised its position in shares of 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 acquiring an additional 667 shares in the last quarter. Independent Advisor Alliance lifted its stake in EMCOR Group by 25.0% during the third quarter. Independent Advisor Alliance now owns 5,252 shares of the construction company's stock worth $2,261,000 after purchasing an additional 1,049 shares during the last quarter. PFW Advisors LLC purchased a new stake in EMCOR Group during the fourth quarter worth approximately $689,000. Finally, Verition Fund Management LLC boosted its holdings in EMCOR Group by 390.2% in the third quarter. Verition Fund Management LLC now owns 15,623 shares of the construction company's stock valued at $6,726,000 after purchasing an additional 12,436 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have weighed in on EME shares. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped 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 report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group Stock Down 3.3 %

EME traded down $13.02 during trading on Thursday, hitting $379.23. 637,112 shares of the stock were exchanged, compared to its average volume of 433,426. The firm has a market capitalization of $17.24 billion, a P/E ratio of 19.26 and a beta of 1.14. The stock has a fifty day moving average price of $429.54 and a two-hundred day moving average price of $451.24. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30.

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

EMCOR Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were 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 was Thursday, January 16th. EMCOR Group's dividend payout ratio is currently 4.64%.

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.

Insider Activity at EMCOR Group

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 transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is currently owned by insiders.

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.