Trexquant Investment LP Purchases New Position in EMCOR Group, Inc. (NYSE:EME)

Trexquant Investment LP bought a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 29,455 shares of the construction company's stock, valued at approximately $13,370,000. Trexquant Investment LP owned approximately 0.06% of EMCOR Group as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in EMCOR Group in the 4th quarter valued at about $45,000. SJS Investment Consulting Inc. increased its position in EMCOR Group by 494.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company's stock valued at $51,000 after acquiring an additional 94 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in 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 acquiring an additional 25 shares during the period. Physician Wealth Advisors Inc. acquired a new position in EMCOR Group during the 4th quarter worth $126,000. Finally, Whittier Trust Co. grew its stake in shares of EMCOR Group by 40.2% in the fourth quarter. Whittier Trust Co. now owns 279 shares of the construction company's stock worth $127,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 3.6 %

EME stock traded down $12.78 during midday trading on Friday, hitting $341.76. 1,172,065 shares of the company traded hands, compared to its average volume of 457,581. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 17.36 and a beta of 1.14. The business has a 50 day simple moving average of $411.84 and a 200-day simple moving average of $450.39.

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

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EME shares. Stifel Nicolaus decreased their price objective 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. StockNews.com cut EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $497.25.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 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 SEC, which is available at this hyperlink. 1.26% of the stock is owned by company insiders.

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.