MONECO Advisors LLC Purchases Shares of 1,544 EMCOR Group, Inc. (NYSE:EME)

MONECO Advisors LLC bought a new position in EMCOR Group, Inc. (NYSE:EME - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,544 shares of the construction company's stock, valued at approximately $701,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at $100,282,000. Nordea Investment Management AB boosted its position in shares of EMCOR Group by 2,246.2% in the fourth quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock worth $65,036,000 after buying an additional 136,501 shares during the period. Swedbank AB boosted its position in shares of EMCOR Group by 399.4% in the fourth quarter. Swedbank AB now owns 153,443 shares of the construction company's stock worth $69,648,000 after buying an additional 122,716 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of EMCOR Group by 45.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 283,072 shares of the construction company's stock valued at $121,871,000 after buying an additional 88,074 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of EMCOR Group by 21.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 429,623 shares of the construction company's stock valued at $196,500,000 after buying an additional 75,578 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 4.3 %

Shares of EMCOR Group stock traded down $18.30 on Thursday, hitting $402.58. 576,852 shares of the company's stock traded hands, compared to its average volume of 512,186. EMCOR Group, Inc. has a 52-week low of $289.51 and a 52-week high of $545.29. The stock has a market cap of $18.52 billion, a P/E ratio of 20.45 and a beta of 1.11. The firm's 50-day moving average is $460.76 and its 200 day moving average is $448.49.

EMCOR Group (NYSE:EME - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.81 billion. Equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

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

EMCOR Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.25%. EMCOR Group's dividend payout ratio (DPR) is 5.08%.

Analyst Upgrades and Downgrades

EME has been the subject of a number of analyst reports. The Goldman Sachs Group assumed coverage on EMCOR Group in a report on Friday, November 22nd. They issued a "sell" rating and a $445.00 price target for the company. Northcoast Research began coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They issued a "buy" rating and a $600.00 target price for the company. Stifel Nicolaus dropped their price target on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus 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.