NEOS Investment Management LLC Invests $463,000 in EMCOR Group, Inc. (NYSE:EME)

NEOS Investment Management LLC acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,020 shares of the construction company's stock, valued at approximately $463,000.

Other hedge funds have also made changes to their positions in the company. Koshinski Asset Management Inc. boosted its holdings in EMCOR Group by 4.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after buying an additional 26 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in shares of EMCOR Group by 3,510.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 686 shares of the construction company's stock worth $311,000 after acquiring an additional 667 shares during the last quarter. PFW Advisors LLC acquired a new stake in shares of EMCOR Group during the fourth quarter worth $689,000. Verition Fund Management LLC boosted its position in shares of EMCOR Group by 390.2% in the 3rd quarter. Verition Fund Management LLC now owns 15,623 shares of the construction company's stock valued at $6,726,000 after purchasing an additional 12,436 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in EMCOR Group during the 3rd quarter worth about $3,354,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Down 8.9 %

Shares of NYSE:EME traded down $31.67 during trading on Friday, reaching $322.87. 231,434 shares of the company traded hands, compared to its average volume of 516,757. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.29. The firm has a market cap of $14.68 billion, a P/E ratio of 16.40 and a beta of 1.14. The firm has a fifty day simple moving average of $411.84 and a 200 day simple moving average of $450.39.

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EMCOR Group (NYSE:EME - Get Free Report) last issued its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, beating 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 the consensus estimate of $3.81 billion. As a group, research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its Board of Directors has approved a share 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 reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction 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 completion of the sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of 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 lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $497.25.

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.