UniSuper Management Pty Ltd Trims Position in EMCOR Group, Inc. (NYSE:EME)

UniSuper Management Pty Ltd trimmed its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 52.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900 shares of the construction company's stock after selling 974 shares during the quarter. UniSuper Management Pty Ltd's holdings in EMCOR Group were worth $409,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. World Investment Advisors LLC purchased a new position in EMCOR Group during the 3rd quarter worth approximately $100,282,000. Nordea Investment Management AB grew its position in shares of EMCOR Group by 2,246.2% during the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock worth $65,036,000 after acquiring an additional 136,501 shares during the last quarter. Swedbank AB increased its holdings in shares of EMCOR Group by 399.4% in the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company's stock valued at $69,648,000 after acquiring an additional 122,716 shares during the period. American Century Companies Inc. raised its position in EMCOR Group by 81.6% in the 4th quarter. American Century Companies Inc. now owns 213,947 shares of the construction company's stock valued at $97,111,000 after purchasing an additional 96,108 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in EMCOR Group in the 4th quarter valued at $42,380,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EMCOR Group

In other 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 completion of the sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at approximately $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 is accessible through the SEC website. Company insiders own 1.26% of the company's stock.

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Wall Street Analysts Forecast Growth

EME has been the topic of a number of recent research reports. Stifel Nicolaus dropped 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 research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Price Performance

Shares of EME stock traded down $17.10 during mid-day trading on Friday, hitting $337.44. The stock had a trading volume of 679,697 shares, compared to its average volume of 455,732. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30. The company's 50-day simple moving average is $411.84 and its 200-day simple moving average is $450.39. The firm has a market cap of $15.34 billion, a PE ratio of 17.18 and a beta of 1.14.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. On average, analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication 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.