Grandeur Peak Global Advisors LLC Buys 1,231 Shares of EMCOR Group, Inc. (NYSE:EME)

Grandeur Peak Global Advisors LLC raised its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,575 shares of the construction company's stock after purchasing an additional 1,231 shares during the period. Grandeur Peak Global Advisors LLC's holdings in EMCOR Group were worth $3,438,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its stake in shares of EMCOR Group by 236.3% in the third quarter. Janus Henderson Group PLC now owns 3,363 shares of the construction company's stock worth $1,448,000 after acquiring an additional 2,363 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of EMCOR Group in the 3rd quarter valued at $452,000. MML Investors Services LLC increased its position in shares of EMCOR Group by 14.0% during the third quarter. MML Investors Services LLC now owns 12,108 shares of the construction company's stock worth $5,213,000 after buying an additional 1,491 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in EMCOR Group by 64.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 20,417 shares of the construction company's stock worth $8,790,000 after buying an additional 8,013 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in EMCOR Group by 6.9% in the third quarter. M&T Bank Corp now owns 3,554 shares of the construction company's stock valued at $1,530,000 after buying an additional 228 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Up 0.0 %

EMCOR Group stock traded up $0.15 during midday trading on Thursday, reaching $382.30. The stock had a trading volume of 146,302 shares, compared to its average volume of 464,798. The company has a fifty day moving average price of $393.53 and a two-hundred day moving average price of $446.28. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The company has a market capitalization of $17.38 billion, a P/E ratio of 19.42 and a beta of 1.08.

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 company had revenue of $3.77 billion for 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%. On average, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

EMCOR Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

Insider Activity

In other EMCOR Group 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

EME has been the subject of several research analyst reports. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.