EMCOR Group, Inc. (NYSE:EME) Stake Reduced by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,257 shares of the construction company's stock after selling 1,757 shares during the period. Congress Wealth Management LLC DE owned 0.09% of EMCOR Group worth $19,635,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after purchasing an additional 104 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after buying an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after buying an additional 25 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in EMCOR Group by 13.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company's stock worth $101,000 after buying an additional 27 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of EMCOR Group by 153.6% in the 3rd quarter. Private Trust Co. NA now owns 246 shares of the construction company's stock worth $106,000 after acquiring an additional 149 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.

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Insider Activity at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the transaction, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EME. Stifel Nicolaus dropped their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to MarketBeat.com, EMCOR Group currently has an average rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Price Performance

Shares of NYSE EME traded down $8.11 during mid-day trading on Friday, hitting $371.22. The company had a trading volume of 400,389 shares, compared to its average volume of 452,710. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 18.85 and a beta of 1.14. The firm's 50 day simple moving average is $424.19 and its two-hundred day simple moving average is $450.79. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30.

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

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

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date was Thursday, January 16th. EMCOR Group's dividend payout ratio (DPR) is 4.64%.

About EMCOR Group

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.