Harvest Investment Services LLC Increases Stake in EMCOR Group, Inc. (NYSE:EME)

Harvest Investment Services LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,549 shares of the construction company's stock after acquiring an additional 1,730 shares during the period. Harvest Investment Services LLC's holdings in EMCOR Group were worth $2,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EME. Summit Securities Group LLC bought a new position in shares of EMCOR Group in the fourth quarter worth approximately $45,000. SJS Investment Consulting Inc. grew its stake in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock worth $51,000 after buying an additional 94 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after buying an additional 25 shares during the last quarter. Altshuler Shaham Ltd raised its position in shares of EMCOR Group by 2,063.6% during the 4th quarter. Altshuler Shaham Ltd now owns 238 shares of the construction company's stock valued at $108,000 after buying an additional 227 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in shares of EMCOR Group by 12.4% during the 4th quarter. GeoWealth Management LLC now owns 253 shares of the construction company's stock worth $115,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 92.59% of the company's stock.

Analyst Ratings Changes

EME has been the topic of a number of research reports. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on 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 investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $497.25.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction that occurred on 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company's stock.

EMCOR Group Price Performance

NYSE EME traded up $10.54 during trading on Friday, hitting $411.16. 524,459 shares of the company's stock traded hands, compared to its average volume of 462,404. The firm has a market cap of $18.70 billion, a P/E ratio of 20.88 and a beta of 1.08. The stock has a fifty day moving average of $386.58 and a two-hundred day moving average of $444.09. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30.

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, beating the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.24%. EMCOR Group's dividend payout ratio is currently 4.64%.

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