EMCOR Group, Inc. (NYSE:EME) Position Boosted by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 42.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,224 shares of the construction company's stock after buying an additional 13,485 shares during the quarter. LPL Financial LLC owned 0.10% of EMCOR Group worth $20,527,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Perigon Wealth Management LLC raised its stake in EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock valued at $353,000 after buying an additional 19 shares in the last quarter. Adirondack Trust Co. lifted its stake in EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company's stock worth $191,000 after purchasing an additional 20 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in EMCOR Group by 1.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock worth $521,000 after purchasing an additional 21 shares during the last quarter. Petra Financial Advisors Inc. boosted its holdings in EMCOR Group by 1.4% in the fourth quarter. Petra Financial Advisors Inc. now owns 1,739 shares of the construction company's stock worth $789,000 after purchasing an additional 24 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock worth $90,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

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Insider Activity

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.26% of the company's stock.

EMCOR Group Stock Down 3.8 %

NYSE EME traded down $13.63 on Friday, hitting $340.91. The stock had a trading volume of 594,386 shares, compared to its average volume of 455,412. The company's 50-day moving average is $411.84 and its two-hundred day moving average is $450.39. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 17.28 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, topping analysts' consensus estimates of $5.53 by $0.79. The business had revenue of $3.77 billion during 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, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EME shares. Stifel Nicolaus decreased their price target 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. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $497.25.

EMCOR Group 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.