First Trust Advisors LP Grows Position in EMCOR Group, Inc. (NYSE:EME)

First Trust Advisors LP boosted its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 496,436 shares of the construction company's stock after purchasing an additional 129,186 shares during the quarter. First Trust Advisors LP owned approximately 1.08% of EMCOR Group worth $225,332,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Koshinski Asset Management Inc. increased its stake in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after acquiring an additional 26 shares in the last quarter. Wolff Wiese Magana LLC increased its stake in shares of EMCOR Group by 3,510.5% during the fourth quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock valued at $311,000 after purchasing an additional 667 shares in the last quarter. PFW Advisors LLC purchased a new position in shares of EMCOR Group during the fourth quarter valued at approximately $689,000. Central Pacific Bank Trust Division boosted its position in shares of EMCOR Group by 382.4% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,833 shares of the construction company's stock worth $832,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in EMCOR Group by 108.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock valued at $7,439,000 after buying an additional 8,545 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction dated 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 owns 27,642 shares of the company's stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus cut 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group Stock Performance

Shares of EME stock traded up $11.00 during mid-day trading on Wednesday, hitting $384.20. The company's stock had a trading volume of 404,668 shares, compared to its average volume of 464,127. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The business has a 50-day moving average price of $387.91 and a 200 day moving average price of $444.78.

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

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

EMCOR Group Announces Dividend

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

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.