8,500 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by Ecofi Investissements SA

Ecofi Investissements SA acquired a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,500 shares of the construction company's stock, valued at approximately $3,575,000. EMCOR Group accounts for approximately 2.2% of Ecofi Investissements SA's portfolio, making the stock its 21st biggest position.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of EMCOR Group in the 4th quarter worth approximately $45,000. SJS Investment Consulting Inc. grew 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 valued at $51,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after acquiring an additional 25 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of EMCOR Group by 2,063.6% during the fourth quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock valued at $108,000 after acquiring an additional 227 shares during the period. Finally, GeoWealth Management LLC grew its holdings in shares of EMCOR Group by 12.4% in the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 2.9 %

NYSE:EME traded up $11.00 during trading hours on Wednesday, hitting $384.20. 404,663 shares of the stock were exchanged, compared to its average volume of 464,127. The company has a market capitalization of $17.47 billion, a P/E ratio of 19.51 and a beta of 1.08. The company's 50 day moving average is $387.91 and its two-hundred day moving average is $444.78. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping analysts' consensus estimates of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. On average, equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 0.26%. The ex-dividend date is Thursday, April 17th. EMCOR Group's payout ratio is 4.64%.

EMCOR Group announced that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on 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 $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is owned by corporate 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.