MML Investors Services LLC Decreases Position in EMCOR Group, Inc. (NYSE:EME)

MML Investors Services LLC cut its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,037 shares of the construction company's stock after selling 1,071 shares during the period. MML Investors Services LLC's holdings in EMCOR Group were worth $5,010,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction that occurred 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 directly owns 27,642 shares of the company's stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

EMCOR Group Trading Up 0.8 %

EMCOR Group stock traded up $3.46 during midday trading on Tuesday, hitting $413.72. The stock had a trading volume of 501,120 shares, compared to its average volume of 462,876. EMCOR Group, Inc. has a 52-week low of $319.49 and a 52-week high of $545.30. The company has a market capitalization of $18.64 billion, a PE ratio of 21.01 and a beta of 1.08. The firm's fifty day moving average is $385.65 and its two-hundred day moving average is $443.60.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 earnings per share 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 during the quarter, compared to analyst estimates of $3.81 billion. As a group, equities research analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its board has approved 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 reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, April 17th. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

EMCOR Group Company 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.