Sei Investments Co. Has $42.60 Million Position in EMCOR Group, Inc. (NYSE:EME)

Sei Investments Co. lessened its holdings in EMCOR Group, Inc. (NYSE:EME - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,855 shares of the construction company's stock after selling 18,711 shares during the period. Sei Investments Co. owned 0.20% of EMCOR Group worth $42,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new stake in shares of EMCOR Group during the 3rd quarter worth about $100,282,000. Nordea Investment Management AB raised its holdings in EMCOR Group by 2,246.2% in 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 lifted its position in EMCOR Group by 399.4% during the fourth 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 during the last quarter. American Century Companies Inc. boosted its holdings in shares of EMCOR Group by 81.6% during the fourth 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. bought a new stake in shares of EMCOR Group during the fourth quarter worth approximately $42,380,000. 92.59% of the stock is owned by institutional investors.

EMCOR Group Stock Performance

Shares of EME stock traded down $8.11 during trading on Friday, hitting $371.22. The company had a trading volume of 400,389 shares, compared to its average volume of 452,710. The firm has a market capitalization of $16.88 billion, a P/E ratio of 18.85 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 moving average price is $426.90 and its 200 day moving average price is $450.74.

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EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, February 26th. The construction company reported $6.32 earnings per share 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 during the quarter, compared to the consensus estimate of $3.81 billion. On average, research analysts anticipate that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group's payout ratio is presently 4.64%.

Insider Transactions at EMCOR Group

In other 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 transaction, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. This trade represents a 4.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EME has been the subject of several research reports. Stifel Nicolaus dropped their price target on EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a report on Thursday, February 27th. StockNews.com downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $497.25.

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.