Abacus FCF Advisors LLC Has $3.09 Million Position in EMCOR Group, Inc. (NYSE:EME)

Abacus FCF Advisors LLC lifted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,816 shares of the construction company's stock after buying an additional 2,108 shares during the quarter. Abacus FCF Advisors LLC's holdings in EMCOR Group were worth $3,094,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in EMCOR Group in the fourth quarter worth approximately $45,000. SJS Investment Consulting Inc. lifted its stake in shares of EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after purchasing an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in EMCOR Group by 14.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after purchasing an additional 25 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in EMCOR Group during the fourth quarter worth $126,000. Finally, Whittier Trust Co. increased its position in EMCOR Group by 40.2% during the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 2.3 %

EME traded up $8.52 during trading on Friday, hitting $383.72. The stock had a trading volume of 455,205 shares, compared to its average volume of 465,775. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The company has a 50 day simple moving average of $398.04 and a 200-day simple moving average of $447.40. The firm has a market cap of $17.45 billion, a PE ratio of 19.49 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 EPS for the quarter, topping 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 business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its board has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 0.26%. EMCOR Group's dividend payout ratio is 4.64%.

Insider Transactions at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EME has been the subject of a number of analyst reports. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.