NewEdge Advisors LLC Buys 1,148 Shares of EMCOR Group, Inc. (NYSE:EME)

NewEdge Advisors LLC lifted its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,596 shares of the construction company's stock after purchasing an additional 1,148 shares during the period. NewEdge Advisors LLC's holdings in EMCOR Group were worth $5,717,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SkyView Investment Advisors LLC lifted its holdings in shares of 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 buying an additional 68 shares during the last quarter. Fulcrum Equity Management acquired a new position in EMCOR Group during the 3rd quarter valued at $205,000. World Investment Advisors LLC acquired a new stake in EMCOR Group in the 3rd quarter worth $238,000. Wilmington Savings Fund Society FSB increased its holdings in shares of EMCOR Group by 46.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 951 shares of the construction company's stock worth $409,000 after purchasing an additional 301 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of EMCOR Group by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 68,808 shares of the construction company's stock worth $31,143,000 after purchasing an additional 5,007 shares during the period. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Trading Up 2.9 %

NYSE:EME traded up $11.00 during mid-day trading on Wednesday, hitting $384.20. The company's stock had a trading volume of 341,020 shares, compared to its average volume of 464,126. The stock has a fifty day moving average of $387.91 and a 200-day moving average of $444.78. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. EMCOR Group, Inc. has a fifty-two week low of $319.49 and a fifty-two week high of $545.30.

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 (EPS) for the quarter, topping 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 firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.81 billion. On average, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Thursday, April 17th. EMCOR Group's payout ratio is 4.64%.

EMCOR Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. Stifel Nicolaus decreased 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 cut 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $497.25.

Insider Activity

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the completion of the transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

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.