Vinva Investment Management Ltd Acquires 1,476 Shares of EMCOR Group, Inc. (NYSE:EME)

Vinva Investment Management Ltd increased its position in EMCOR Group, Inc. (NYSE:EME - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,252 shares of the construction company's stock after buying an additional 1,476 shares during the period. Vinva Investment Management Ltd owned 0.07% of EMCOR Group worth $13,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of EMCOR Group by 3.3% in the third quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock worth $587,000 after purchasing an additional 43 shares during the period. Claro Advisors LLC acquired a new stake in EMCOR Group in the 3rd quarter valued at approximately $219,000. TrinityPoint Wealth LLC bought a new position in EMCOR Group in the 3rd quarter worth approximately $299,000. Quest Partners LLC lifted its holdings in shares of EMCOR Group by 43.0% during the third quarter. Quest Partners LLC now owns 3,217 shares of the construction company's stock worth $1,385,000 after buying an additional 968 shares during the last quarter. Finally, First Western Trust Bank acquired a new position in shares of EMCOR Group during the third quarter worth approximately $214,000. Institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EME shares. Stifel Nicolaus dropped their target price on shares of EMCOR Group from $600.00 to $514.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, EMCOR Group presently has an average rating of "Moderate Buy" and an average price target of $497.25.

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EMCOR Group Price Performance

Shares of NYSE EME traded down $4.41 during trading hours on Friday, reaching $395.11. The stock had a trading volume of 1,255,897 shares, compared to its average volume of 432,293. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The business's fifty day moving average is $434.48 and its two-hundred day moving average is $450.16. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 20.07 and a beta of 1.14.

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

EMCOR Group Dividend Announcement

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

EMCOR Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 26th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Insider Transactions at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the company's 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 sale, the chief accounting officer now owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is currently owned by 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.