Segall Bryant & Hamill LLC Sells 5,162 Shares of EMCOR Group, Inc. (NYSE:EME)

Segall Bryant & Hamill LLC decreased its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,957 shares of the construction company's stock after selling 5,162 shares during the quarter. Segall Bryant & Hamill LLC owned 0.08% of EMCOR Group worth $15,867,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EME. World Investment Advisors LLC bought a new stake in EMCOR Group during the third quarter valued at about $100,282,000. Nordea Investment Management AB grew its stake in shares of EMCOR Group by 2,246.2% during the 4th quarter. Nordea Investment Management AB now owns 142,578 shares of the construction company's stock valued at $65,036,000 after acquiring an additional 136,501 shares during the period. Swedbank AB increased its holdings in EMCOR Group by 399.4% in the 4th quarter. Swedbank AB now owns 153,443 shares of the construction company's stock worth $69,648,000 after acquiring an additional 122,716 shares in the last quarter. American Century Companies Inc. raised its stake in EMCOR Group by 81.6% during the 4th quarter. American Century Companies Inc. now owns 213,947 shares of the construction company's stock worth $97,111,000 after acquiring an additional 96,108 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in EMCOR Group during the fourth quarter valued at approximately $42,380,000. 92.59% of the stock is currently owned by institutional investors.

EMCOR Group Stock Performance

EME traded down $8.11 during trading on Friday, reaching $371.22. 400,389 shares of the company traded hands, compared to its average volume of 452,710. The company has a market cap of $16.88 billion, a P/E ratio of 18.85 and a beta of 1.14. EMCOR Group, Inc. has a 12-month low of $319.49 and a 12-month high of $545.30. The firm has a fifty day simple moving average of $424.19 and a 200 day simple moving average of $451.81.

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EMCOR Group (NYSE:EME - Get Free Report) last posted its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.79. The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.81 billion. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

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

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 issued 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 0.27%. EMCOR Group's dividend payout ratio (DPR) is 4.64%.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $370.07, for a total transaction of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at $10,229,474.94. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on EME shares. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of 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 stock. According to data from MarketBeat, EMCOR Group currently has a consensus rating of "Moderate Buy" and a consensus price target 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.