Mitsubishi UFJ Trust & Banking Corp Sells 12,826 Shares of EMCOR Group, Inc. (NYSE:EME)

Mitsubishi UFJ Trust & Banking Corp lowered its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,771 shares of the construction company's stock after selling 12,826 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of EMCOR Group worth $15,329,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EME. True Wealth Design LLC increased its stake 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 buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of EMCOR Group by 494.7% during the fourth 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in EMCOR Group by 14.4% in 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 last quarter. Private Trust Co. NA grew its stake in EMCOR Group by 153.6% in the 3rd quarter. Private Trust Co. NA now owns 246 shares of the construction company's stock valued at $106,000 after purchasing an additional 149 shares during the period. Finally, Whittier Trust Co. increased its position in shares of EMCOR Group by 40.2% during the 4th quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock valued at $127,000 after purchasing an additional 80 shares during the last quarter. 92.59% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other EMCOR Group 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 sale, the chief accounting officer now directly owns 27,642 shares in the company, valued at $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.

EMCOR Group Stock Up 1.0 %

EMCOR Group stock traded up $3.84 during midday trading on Wednesday, reaching $379.34. The stock had a trading volume of 108,139 shares, compared to its average volume of 453,075. The firm has a market capitalization of $17.25 billion, a PE ratio of 19.27 and a beta of 1.14. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The firm's 50-day moving average price is $418.39 and its 200 day moving average price is $451.53.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping 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 company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. Equities research analysts expect that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group announced that its board has initiated a stock buyback plan on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.26%. EMCOR Group's dividend payout ratio (DPR) is 4.64%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EME. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus reduced their target price 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. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, EMCOR Group 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.