EMCOR Group, Inc. (NYSE:EME) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,783 shares of the construction company's stock after purchasing an additional 769 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.10% of EMCOR Group worth $19,873,000 at the end of the most recent reporting period.

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

Remove Ads

Analyst Ratings Changes

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

Insider Activity

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the firm's stock in a transaction dated 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 directly owns 27,642 shares in the company, valued at $10,229,474.94. This trade represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company's stock.

EMCOR Group Stock Down 4.3 %

Shares of NYSE EME traded down $15.29 during midday trading on Friday, reaching $339.26. 386,494 shares of the company's stock traded hands, compared to its average volume of 454,720. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 17.08 and a beta of 1.14. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock's 50 day simple moving average is $411.84 and its 200-day simple moving average is $450.39.

EMCOR Group (NYSE:EME - Get Free Report) last posted 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 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 analysts' expectations of $3.81 billion. Equities analysts predict that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

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

About EMCOR Group

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.