Intech Investment Management LLC Has $52.33 Million Stock Position in EMCOR Group, Inc. (NYSE:EME)

Intech Investment Management LLC boosted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 65.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,293 shares of the construction company's stock after purchasing an additional 45,484 shares during the period. EMCOR Group comprises about 1.6% of Intech Investment Management LLC's investment portfolio, making the stock its 17th biggest position. Intech Investment Management LLC owned 0.25% of EMCOR Group worth $52,331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EME. True Wealth Design LLC increased its position in EMCOR Group by 3,466.7% in the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company's stock valued at $46,000 after acquiring an additional 104 shares in the last quarter. SJS Investment Consulting Inc. increased its position in 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 acquiring an additional 94 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at about $55,000. MassMutual Private Wealth & Trust FSB increased its position in EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after acquiring an additional 25 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in EMCOR Group by 13.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 235 shares of the construction company's stock valued at $101,000 after acquiring an additional 27 shares in the last quarter. 92.59% of the stock is owned by institutional investors.

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EMCOR Group Trading Down 1.1 %

Shares of NYSE:EME traded down $4.41 during trading on Friday, hitting $395.11. 1,255,897 shares of the company's stock were exchanged, compared to its average volume of 431,772. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The firm has a 50-day moving average price of $434.48 and a two-hundred day moving average price of $449.53. The firm has a market cap of $17.97 billion, a P/E ratio of 20.07 and a beta of 1.14.

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

EMCOR Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's dividend payout ratio is currently 4.64%.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EME shares. Northcoast Research started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They issued a "buy" rating and a $600.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 price target for the company. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $497.25.

Insider Activity at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company's stock.

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.