Invesco Ltd. Boosts Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Invesco Ltd. increased its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 28.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,318,494 shares of the construction company's stock after purchasing an additional 288,765 shares during the quarter. Invesco Ltd. owned 2.87% of EMCOR Group worth $598,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EME. Janus Henderson Group PLC increased its holdings in EMCOR Group by 236.3% in the third quarter. Janus Henderson Group PLC now owns 3,363 shares of the construction company's stock valued at $1,448,000 after buying an additional 2,363 shares in the last quarter. Quantinno Capital Management LP increased its stake in EMCOR Group by 2.7% in the 3rd quarter. Quantinno Capital Management LP now owns 9,884 shares of the construction company's stock valued at $4,256,000 after purchasing an additional 256 shares in the last quarter. State Street Corp increased its stake in EMCOR Group by 1.5% in the 3rd quarter. State Street Corp now owns 1,612,782 shares of the construction company's stock valued at $694,351,000 after purchasing an additional 24,541 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in EMCOR Group during the third quarter worth $452,000. Finally, iA Global Asset Management Inc. purchased a new stake in EMCOR Group during the third quarter worth $434,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 2.3 %

Shares of NYSE EME traded up $8.52 during trading on Friday, reaching $383.72. The company had a trading volume of 455,205 shares, compared to its average volume of 465,775. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The stock has a 50-day moving average price of $398.04 and a two-hundred day moving average price of $447.40. The stock has a market capitalization of $17.45 billion, a PE ratio of 19.49 and a beta of 1.08.

EMCOR Group (NYSE:EME - Get Free Report) last announced 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. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. On average, sell-side analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Dividend Announcement

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

EMCOR Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

EME has been the subject of a number of research analyst reports. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a 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's stock. According to MarketBeat, EMCOR Group presently has an average rating of "Moderate Buy" and a consensus target price of $497.25.

Insiders Place Their Bets

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction 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 trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by corporate insiders.

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.