Decade Renewable Partners LP Has $12.18 Million Holdings in EMCOR Group, Inc. (NYSE:EME)

Decade Renewable Partners LP increased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 89.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,844 shares of the construction company's stock after purchasing an additional 12,682 shares during the period. EMCOR Group makes up about 6.0% of Decade Renewable Partners LP's investment portfolio, making the stock its 4th largest position. Decade Renewable Partners LP owned about 0.06% of EMCOR Group worth $12,184,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC boosted its holdings in EMCOR Group by 93.0% during the 4th quarter. Aquatic Capital Management LLC now owns 3,320 shares of the construction company's stock valued at $1,507,000 after acquiring an additional 1,600 shares during the period. Two Sigma Securities LLC raised its stake in shares of EMCOR Group by 6.6% during the fourth quarter. Two Sigma Securities LLC now owns 1,184 shares of the construction company's stock valued at $537,000 after acquiring an additional 73 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in shares of EMCOR Group in the fourth quarter valued at approximately $615,000. Hancock Whitney Corp increased its holdings in EMCOR Group by 2.2% during the 4th quarter. Hancock Whitney Corp now owns 58,637 shares of the construction company's stock worth $26,615,000 after purchasing an additional 1,267 shares during the period. Finally, Voya Investment Management LLC raised its position in EMCOR Group by 21.7% during the 4th quarter. Voya Investment Management LLC now owns 26,620 shares of the construction company's stock valued at $12,083,000 after purchasing an additional 4,749 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EME shares. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on shares of 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

Insiders Place Their Bets

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.26% of the stock is currently owned by insiders.

EMCOR Group Stock Up 2.6 %

EME opened at $411.16 on Monday. The firm's fifty day simple moving average is $386.13 and its two-hundred day simple moving average is $443.88. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 20.88 and a beta of 1.08.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings data 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.81 billion. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The company also recently declared 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 0.24%. The ex-dividend date of this dividend is Thursday, April 17th. EMCOR Group's payout ratio is presently 4.64%.

EMCOR Group announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

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.

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