EMCOR Group, Inc. (NYSE:EME) Stock Holdings Lowered by Zacks Investment Management

Zacks Investment Management trimmed its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,782 shares of the construction company's stock after selling 13,024 shares during the quarter. Zacks Investment Management owned approximately 0.29% of EMCOR Group worth $60,723,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EME. Perigon Wealth Management LLC lifted its holdings in shares of EMCOR Group by 2.5% during the 4th quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock worth $353,000 after acquiring an additional 19 shares during the period. Adirondack Trust Co. increased its position in EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company's stock worth $191,000 after purchasing an additional 20 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in EMCOR Group by 1.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock worth $521,000 after purchasing an additional 21 shares during the period. Petra Financial Advisors Inc. boosted its holdings in shares of EMCOR Group by 1.4% in the 4th quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock valued at $789,000 after purchasing an additional 24 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of EMCOR Group by 14.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Price Performance

NYSE EME traded down $3.79 during trading hours on Friday, hitting $378.61. The company had a trading volume of 359,200 shares, compared to its average volume of 465,826. The firm's 50 day moving average is $390.41 and its 200 day moving average is $445.58. The company has a market capitalization of $17.22 billion, a price-to-earnings ratio of 19.23 and a beta of 1.08. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating the consensus estimate of $5.53 by $0.79. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be given a $0.25 dividend. 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 payout ratio is currently 4.64%.

EMCOR Group declared that its board has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently weighed in on EME shares. Stifel Nicolaus reduced their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

Insider Buying and Selling 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 stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

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.