Vanguard Group Inc. Has $2.14 Billion Stock Position in EMCOR Group, Inc. (NYSE:EME)

Vanguard Group Inc. reduced its holdings in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,719,498 shares of the construction company's stock after selling 69,427 shares during the period. Vanguard Group Inc. owned about 10.26% of EMCOR Group worth $2,142,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EME. Stevens Capital Management LP bought a new stake in shares of EMCOR Group in the 4th quarter valued at approximately $309,000. LPL Financial LLC grew its position in EMCOR Group by 42.5% in the fourth 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 position in EMCOR Group during the fourth quarter worth $22,060,000. Knights of Columbus Asset Advisors LLC raised its stake in EMCOR Group by 0.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 9,571 shares of the construction company's stock worth $4,344,000 after acquiring an additional 82 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 valued at $97,111,000 after acquiring an additional 96,108 shares during the period. Institutional investors own 92.59% of the company's stock.

EMCOR Group Trading Down 0.4 %

Shares of EMCOR Group stock traded down $1.55 during trading on Monday, reaching $369.33. The company's stock had a trading volume of 775,910 shares, compared to its average volume of 453,997. The stock has a 50-day moving average price of $421.43 and a two-hundred day moving average price of $451.68. The stock has a market capitalization of $16.79 billion, a P/E ratio of 18.76 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.

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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, beating the consensus estimate of $5.53 by $0.79. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.81 billion. As a group, sell-side analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current fiscal year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.27%. The ex-dividend date was Thursday, January 16th. EMCOR Group's dividend payout ratio is 4.64%.

EMCOR Group announced that its Board of Directors has approved a stock 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 stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

EME has been the subject of a number of recent analyst reports. 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 research report on Thursday, February 27th. StockNews.com cut shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note 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 currently has an average rating of "Moderate Buy" and an average target price of $497.25.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $370.07, for a total transaction of $462,587.50. Following the completion of the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company's stock.

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.