EMCOR Group, Inc. (NYSE:EME) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board trimmed its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,400 shares of the construction company's stock after selling 4,900 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.08% of EMCOR Group worth $16,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SkyView Investment Advisors LLC boosted its holdings in shares of EMCOR Group by 0.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company's stock valued at $3,243,000 after acquiring an additional 68 shares during the last quarter. Fulcrum Equity Management bought a new position in EMCOR Group in the 3rd quarter worth approximately $205,000. World Investment Advisors LLC purchased a new stake in EMCOR Group in the 3rd quarter worth $238,000. Wilmington Savings Fund Society FSB boosted its stake in EMCOR Group by 46.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company's stock valued at $409,000 after buying an additional 301 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of EMCOR Group by 7.8% in the third quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company's stock valued at $31,143,000 after purchasing an additional 5,007 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 2.9 %

EME stock traded up $11.00 during midday trading on Wednesday, reaching $384.20. The stock had a trading volume of 404,668 shares, compared to its average volume of 464,385. 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 $17.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. The company's fifty day simple moving average is $387.08 and its 200 day simple moving average is $444.36.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

EMCOR Group Dividend Announcement

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

Insider Activity

In other EMCOR Group 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 value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

EME has been the subject of several recent analyst reports. Stifel Nicolaus dropped 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. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group Company 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.