Epoch Investment Partners Inc. Has $103.57 Million Position in EMCOR Group, Inc. (NYSE:EME)

Epoch Investment Partners Inc. raised its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,173 shares of the construction company's stock after buying an additional 10,372 shares during the quarter. Epoch Investment Partners Inc. owned 0.50% of EMCOR Group worth $103,568,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in EMCOR Group by 35.2% during the fourth quarter. First Trust Advisors LP now owns 496,436 shares of the construction company's stock worth $225,332,000 after purchasing an additional 129,186 shares during the period. Freedom Investment Management Inc. grew its position in EMCOR Group by 5.0% in the fourth quarter. Freedom Investment Management Inc. now owns 2,604 shares of the construction company's stock valued at $1,182,000 after acquiring an additional 124 shares during the period. GeoWealth Management LLC lifted its holdings in shares of EMCOR Group by 12.4% during the fourth quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock valued at $115,000 after acquiring an additional 28 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of EMCOR Group by 3.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 65,367 shares of the construction company's stock valued at $29,657,000 after purchasing an additional 2,444 shares in the last quarter. Finally, Altshuler Shaham Ltd grew its holdings in shares of EMCOR Group by 2,063.6% in the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock worth $108,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $370.07, for a total transaction 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 approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Trading Up 2.9 %

Shares of EME stock traded up $11.00 during trading hours on Wednesday, hitting $384.20. 404,663 shares of the company were exchanged, compared to its average volume of 464,127. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The business has a 50 day moving average of $387.91 and a two-hundred day moving average of $444.78. The company has a market capitalization of $17.47 billion, a PE ratio of 19.51 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 for the quarter, topping the consensus estimate 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 return on equity of 34.99% and a net margin of 6.51%. On average, research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has approved a share repurchase 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 repurchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. EMCOR Group's dividend payout ratio is presently 4.64%.

Analysts Set New Price Targets

Several brokerages have weighed in on EME. Stifel Nicolaus decreased their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note 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 analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, EMCOR Group has an average rating of "Moderate Buy" and a consensus price target 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.