EMCOR Group, Inc. (NYSE:EME) Shares Bought by Hahn Capital Management LLC

Hahn Capital Management LLC grew its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 46.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,552 shares of the construction company's stock after purchasing an additional 8,683 shares during the period. EMCOR Group comprises about 5.5% of Hahn Capital Management LLC's investment portfolio, making the stock its 3rd biggest position. Hahn Capital Management LLC owned about 0.06% of EMCOR Group worth $12,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC increased its stake in EMCOR Group by 3,466.7% during the third quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after acquiring an additional 104 shares during the period. SJS Investment Consulting Inc. increased its position in shares of 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 purchasing an additional 94 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group during the third quarter valued at approximately $55,000. Harbor Capital Advisors Inc. acquired a new position in shares of EMCOR Group in the third quarter valued at $62,000. Finally, Rakuten Securities Inc. lifted its position in EMCOR Group by 4,025.0% in the third quarter. Rakuten Securities Inc. now owns 165 shares of the construction company's stock worth $71,000 after purchasing an additional 161 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Down 3.2 %

EME stock traded down $13.18 during trading on Monday, hitting $395.73. 560,347 shares of the stock traded hands, compared to its average volume of 517,508. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 20.10 and a beta of 1.11. EMCOR Group, Inc. has a one year low of $313.48 and a one year high of $545.29. The company has a 50 day simple moving average of $458.38 and a 200 day simple moving average of $449.73.

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 during the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. As a group, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

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

EMCOR Group announced that its Board of Directors has approved 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 often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

EME has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "sell" rating and a $445.00 target price on the stock. Northcoast Research initiated coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price target for the company. Finally, StockNews.com downgraded 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 given a buy rating to the stock. 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.