Private Advisor Group LLC Buys 1,963 Shares of EMCOR Group, Inc. (NYSE:EME)

Private Advisor Group LLC raised its stake in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 198.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,951 shares of the construction company's stock after purchasing an additional 1,963 shares during the period. Private Advisor Group LLC's holdings in EMCOR Group were worth $1,340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its position in shares of EMCOR Group by 2.5% during the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company's stock worth $353,000 after buying an additional 19 shares during the period. Adirondack Trust Co. boosted its position in EMCOR Group by 5.0% during the fourth quarter. Adirondack Trust Co. now owns 420 shares of the construction company's stock valued at $191,000 after acquiring an additional 20 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in EMCOR Group by 1.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company's stock worth $521,000 after acquiring an additional 21 shares during the period. Caprock Group LLC raised its position in shares of EMCOR Group by 0.4% in the 3rd quarter. Caprock Group LLC now owns 5,836 shares of the construction company's stock worth $2,513,000 after acquiring an additional 22 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company's stock valued at $90,000 after purchasing an additional 25 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

EMCOR Group Trading Down 3.2 %

Shares of EME traded down $13.18 on Monday, reaching $395.73. The company's stock had a trading volume of 435,602 shares, compared to its average volume of 511,605. EMCOR Group, Inc. has a twelve month low of $313.48 and a twelve month high of $545.29. The stock has a market capitalization of $18.00 billion, a PE ratio of 20.10 and a beta of 1.11. The firm has a fifty day moving average of $458.38 and a 200-day moving average of $449.73.

EMCOR Group (NYSE:EME - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping the consensus estimate of $5.53 by $0.79. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.25%. EMCOR Group's payout ratio is 4.64%.

EMCOR Group announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EME shares. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Northcoast Research initiated coverage on EMCOR Group in a research note on Friday, November 22nd. They set a "buy" rating and a $600.00 price target on the stock. Stifel Nicolaus reduced their price objective on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group started coverage on EMCOR Group in a research report on Friday, November 22nd. They set a "sell" rating and a $445.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.