Mariner LLC Grows Holdings in EMCOR Group, Inc. (NYSE:EME)

Mariner LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,114 shares of the construction company's stock after purchasing an additional 1,986 shares during the period. Mariner LLC's holdings in EMCOR Group were worth $3,683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EME. Summit Securities Group LLC bought a new stake in EMCOR Group during the 4th quarter valued at $45,000. SJS Investment Consulting Inc. raised its stake in shares of EMCOR Group by 494.7% during the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after purchasing an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in EMCOR Group by 14.4% during the 4th 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 in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in EMCOR Group during the 4th quarter worth about $126,000. Finally, Whittier Trust Co. boosted its stake in EMCOR Group by 40.2% in the 4th quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after purchasing an additional 80 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

EME has been the subject of several recent analyst reports. Stifel Nicolaus reduced 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 note on Thursday, February 27th. StockNews.com lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $497.25.

EMCOR Group Trading Up 2.9 %

EME stock traded up $11.00 during midday trading on Wednesday, hitting $384.20. The company had a trading volume of 404,668 shares, compared to its average volume of 464,385. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. The stock's 50 day moving average price is $387.91 and its 200 day moving average price is $444.78.

EMCOR Group (NYSE:EME - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. Analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group declared that its board has initiated a share buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

EMCOR Group Dividend Announcement

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

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.