EMCOR Group, Inc. (NYSE:EME) Shares Sold by Hanlon Investment Management Inc.

Hanlon Investment Management Inc. cut its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 39.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,459 shares of the construction company's stock after selling 1,596 shares during the quarter. Hanlon Investment Management Inc.'s holdings in EMCOR Group were worth $1,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. grew its stake in shares of EMCOR Group by 28.0% during the 4th quarter. Invesco Ltd. now owns 1,318,494 shares of the construction company's stock valued at $598,465,000 after purchasing an additional 288,765 shares during the period. Geode Capital Management LLC lifted its holdings in EMCOR Group by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,022,170 shares of the construction company's stock worth $463,320,000 after purchasing an additional 25,502 shares in the last quarter. Norges Bank purchased a new position in EMCOR Group during the fourth quarter valued at $299,855,000. Allspring Global Investments Holdings LLC increased its holdings in shares of EMCOR Group by 21.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company's stock worth $196,500,000 after purchasing an additional 75,578 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of EMCOR Group by 11.1% during the 4th quarter. JPMorgan Chase & Co. now owns 270,348 shares of the construction company's stock worth $122,711,000 after acquiring an additional 27,068 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares in the company, valued at $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research 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 report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, EMCOR Group presently has a consensus rating of "Moderate Buy" and an average target price of $497.25.

EMCOR Group Stock Performance

EME traded down $3.79 during trading on Friday, hitting $378.61. The stock had a trading volume of 359,200 shares, compared to its average volume of 465,498. The stock has a 50 day simple moving average of $391.76 and a two-hundred day simple moving average of $445.92. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The company has a market capitalization of $17.22 billion, a PE ratio of 19.23 and a beta of 1.08.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly 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 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 anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has approved a share buyback plan on Wednesday, February 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, April 17th. EMCOR Group's payout ratio is 4.64%.

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.