JPMorgan Chase & Co. Purchases 27,068 Shares of EMCOR Group, Inc. (NYSE:EME)

JPMorgan Chase & Co. lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 270,348 shares of the construction company's stock after purchasing an additional 27,068 shares during the quarter. JPMorgan Chase & Co. owned about 0.59% of EMCOR Group worth $122,711,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. boosted 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 worth $51,000 after buying an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of EMCOR Group by 14.4% in the 4th 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 during the last quarter. Whittier Trust Co. boosted its stake in shares of EMCOR Group by 40.2% during the 4th quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after purchasing an additional 80 shares during the period. Smartleaf Asset Management LLC grew its holdings in EMCOR Group by 56.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 321 shares of the construction company's stock valued at $147,000 after purchasing an additional 116 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in EMCOR Group in the 4th quarter worth about $152,000. Institutional investors own 92.59% of the company's stock.

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Insider Transactions at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were 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 owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.26% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on EME shares. Stifel Nicolaus dropped their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company 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 research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Stock Performance

EMCOR Group stock traded down $12.78 during trading hours on Friday, hitting $341.76. The company had a trading volume of 1,172,065 shares, compared to its average volume of 457,581. The firm has a market cap of $15.54 billion, a P/E ratio of 17.36 and a beta of 1.14. The company has a 50-day moving average price of $411.84 and a two-hundred day moving average price of $450.39. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly 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 firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its Board of Directors has initiated a stock repurchase plan 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 plans are often 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.