CreativeOne Wealth LLC Boosts Stake in EMCOR Group, Inc. (NYSE:EME)

CreativeOne Wealth LLC boosted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,157 shares of the construction company's stock after purchasing an additional 703 shares during the period. CreativeOne Wealth LLC's holdings in EMCOR Group were worth $979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EME. Summit Securities Group LLC bought a new stake in shares of EMCOR Group during the 4th quarter valued at about $45,000. SJS Investment Consulting Inc. raised its position in EMCOR Group by 494.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after acquiring an additional 25 shares during the period. Physician Wealth Advisors Inc. bought a new stake in EMCOR Group during the fourth quarter valued at about $126,000. Finally, Whittier Trust Co. raised its stake in shares of EMCOR Group by 40.2% in the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after buying an additional 80 shares during the period. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Up 1.9 %

NYSE EME traded up $6.72 on Tuesday, reaching $369.43. The company had a trading volume of 44,332 shares, compared to its average volume of 535,516. The firm's 50 day moving average price is $389.00 and its 200 day moving average price is $445.28. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.29. The stock has a market capitalization of $16.80 billion, a PE ratio of 18.76 and a beta of 1.08.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly 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. The business had revenue of $3.77 billion during 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%. On average, research analysts expect that EMCOR Group, Inc. will post 20.74 EPS 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, April 17th. EMCOR Group's dividend payout ratio is 4.64%.

EMCOR Group declared that its board has approved a stock repurchase program on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm'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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EME has been the subject of a number of recent analyst reports. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price objective 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. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, EMCOR Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

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.