United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Holdings in EMCOR Group, Inc. (NYSE:EME)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in EMCOR Group, Inc. (NYSE:EME - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,600 shares of the construction company's stock, valued at approximately $726,000.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in EMCOR Group during the fourth quarter worth approximately $309,000. Stevens Capital Management LP acquired a new position in shares of EMCOR Group during the 4th quarter worth approximately $309,000. LPL Financial LLC raised its stake in EMCOR Group by 42.5% in the 4th quarter. LPL Financial LLC now owns 45,224 shares of the construction company's stock valued at $20,527,000 after acquiring an additional 13,485 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in EMCOR Group during the 4th quarter valued at $22,060,000. Finally, Knights of Columbus Asset Advisors LLC lifted its holdings in EMCOR Group by 0.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 9,571 shares of the construction company's stock valued at $4,344,000 after purchasing an additional 82 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

EMCOR Group Stock Performance

NYSE:EME traded down $8.11 during mid-day trading on Friday, reaching $371.22. 400,389 shares of the company's stock were exchanged, compared to its average volume of 452,710. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The business's fifty day simple moving average is $424.19 and its two-hundred day simple moving average is $451.35. The firm has a market capitalization of $16.88 billion, a PE ratio of 18.85 and a beta of 1.14.

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EMCOR Group (NYSE:EME - Get Free Report) last announced its earnings results 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 company had revenue of $3.77 billion for 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, equities research analysts forecast that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group declared that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the construction company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

EMCOR Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is currently 4.64%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have recently weighed in on EME. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, 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.