EMCOR Group, Inc. (NYSE:EME) Holdings Lifted by Sterling Capital Management LLC

Sterling Capital Management LLC raised its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 26.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,796 shares of the construction company's stock after purchasing an additional 790 shares during the period. Sterling Capital Management LLC's holdings in EMCOR Group were worth $1,723,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Argent Trust Co boosted its position in shares of EMCOR Group by 9.7% during the fourth quarter. Argent Trust Co now owns 2,208 shares of the construction company's stock worth $1,002,000 after buying an additional 195 shares during the period. Paralel Advisors LLC raised its stake in EMCOR Group by 9.9% during the 4th quarter. Paralel Advisors LLC now owns 7,167 shares of the construction company's stock valued at $3,253,000 after acquiring an additional 648 shares in the last quarter. Bessemer Group Inc. raised its stake in EMCOR Group by 18.4% during the 4th quarter. Bessemer Group Inc. now owns 1,550 shares of the construction company's stock valued at $703,000 after acquiring an additional 241 shares in the last quarter. Evexia Wealth LLC boosted its position in EMCOR Group by 2.2% during the 4th quarter. Evexia Wealth LLC now owns 6,986 shares of the construction company's stock worth $3,226,000 after acquiring an additional 153 shares during the period. Finally, CenterBook Partners LP bought a new position in shares of EMCOR Group in the fourth quarter worth $2,354,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Price Performance

Shares of EME traded down $3.79 during midday trading on Friday, reaching $378.61. The stock had a trading volume of 359,200 shares, compared to its average volume of 464,939. The company has a market capitalization of $17.22 billion, a P/E ratio of 19.23 and a beta of 1.08. The firm's 50 day moving average price is $390.41 and its 200-day moving average price is $445.79. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30.

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

EMCOR Group announced that its board 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 buy up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

EMCOR Group Dividend Announcement

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

Insider Buying and Selling

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

Analyst Ratings Changes

EME has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. StockNews.com downgraded shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, EMCOR Group 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.