EMCOR Group, Inc. (NYSE:EME) Stake Increased by MetLife Investment Management LLC

MetLife Investment Management LLC increased its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,717 shares of the construction company's stock after purchasing an additional 1,768 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of EMCOR Group worth $12,127,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its holdings in EMCOR Group by 0.9% during the third quarter. SkyView Investment Advisors LLC now owns 7,533 shares of the construction company's stock worth $3,243,000 after acquiring an additional 68 shares during the period. Fulcrum Equity Management purchased a new position in shares of EMCOR Group in the 3rd quarter valued at about $205,000. World Investment Advisors LLC acquired a new stake in shares of EMCOR Group in the third quarter valued at about $238,000. Wilmington Savings Fund Society FSB grew its position in EMCOR Group by 46.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company's stock worth $409,000 after buying an additional 301 shares during the period. Finally, Franklin Resources Inc. increased its holdings in EMCOR Group by 7.8% in the third quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company's stock valued at $31,143,000 after buying an additional 5,007 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Insider Buying and Selling at EMCOR Group

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated 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 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 SEC, which can be accessed through this link. 1.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EME has been the subject of several research reports. Stifel Nicolaus reduced their price objective on 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 cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $497.25.

EMCOR Group Stock Up 2.9 %

Shares of EME traded up $11.00 on Wednesday, hitting $384.20. 404,668 shares of the stock traded hands, compared to its average volume of 464,385. The firm has a market capitalization of $17.47 billion, a P/E ratio of 19.51 and a beta of 1.08. EMCOR Group, Inc. has a 1 year low of $319.49 and a 1 year high of $545.30. The stock's 50 day moving average is $387.08 and its two-hundred day moving average is $444.36.

EMCOR Group (NYSE:EME - Get Free Report) last issued 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. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. Research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has authorized a share buyback plan on Wednesday, February 26th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend 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.