Aviva PLC Acquires 22,462 Shares of EMCOR Group, Inc. (NYSE:EME)

Aviva PLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 438.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,589 shares of the construction company's stock after acquiring an additional 22,462 shares during the quarter. Aviva PLC owned about 0.06% of EMCOR Group worth $12,523,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EME. Resona Asset Management Co. Ltd. acquired a new stake in EMCOR Group in the fourth quarter worth about $6,398,000. Landscape Capital Management L.L.C. boosted its stake in shares of EMCOR Group by 93.2% in the 4th quarter. Landscape Capital Management L.L.C. now owns 2,622 shares of the construction company's stock valued at $1,190,000 after purchasing an additional 1,265 shares during the last quarter. PAX Financial Group LLC grew its position in shares of EMCOR Group by 24.2% during the 4th quarter. PAX Financial Group LLC now owns 735 shares of the construction company's stock worth $334,000 after buying an additional 143 shares during the period. Foundry Partners LLC raised its stake in shares of EMCOR Group by 9.3% during the fourth quarter. Foundry Partners LLC now owns 1,779 shares of the construction company's stock worth $807,000 after buying an additional 151 shares during the last quarter. Finally, Pitcairn Co. lifted its holdings in EMCOR Group by 10.5% in the fourth quarter. Pitcairn Co. now owns 4,012 shares of the construction company's stock valued at $1,821,000 after buying an additional 381 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by company insiders.

EMCOR Group Stock Up 2.3 %

NYSE EME traded up $8.52 during trading on Friday, reaching $383.72. 455,205 shares of the stock traded hands, compared to its average volume of 465,775. The stock's 50-day moving average price is $398.04 and its 200 day moving average price is $447.40. The firm has a market cap of $17.45 billion, a price-to-earnings ratio of 19.49 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 quarterly earnings results 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. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. Analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

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

EMCOR Group announced that its board has initiated a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.