Xponance Inc. Has $4.52 Million Stock Holdings in EMCOR Group, Inc. (NYSE:EME)

Xponance Inc. grew its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,958 shares of the construction company's stock after acquiring an additional 1,023 shares during the quarter. Xponance Inc.'s holdings in EMCOR Group were worth $4,520,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EME. CIBC Asset Management Inc grew its holdings in EMCOR Group by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,363 shares of the construction company's stock worth $587,000 after buying an additional 43 shares in the last quarter. Pathstone Holdings LLC boosted its position in EMCOR Group by 4.3% during the 3rd quarter. Pathstone Holdings LLC now owns 10,536 shares of the construction company's stock worth $4,536,000 after acquiring an additional 439 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of EMCOR Group in the third quarter worth $1,047,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of EMCOR Group during the third quarter valued at about $503,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of EMCOR Group during the third quarter valued at about $55,000. Institutional investors own 92.59% of the company's stock.

EMCOR Group Stock Down 0.3 %

EMCOR Group stock traded down $1.20 during midday trading on Tuesday, hitting $411.65. The company's stock had a trading volume of 359,374 shares, compared to its average volume of 432,698. EMCOR Group, Inc. has a 12 month low of $319.49 and a 12 month high of $545.30. The company has a market capitalization of $18.72 billion, a PE ratio of 20.91 and a beta of 1.14. The stock's 50-day moving average price is $433.40 and its 200-day moving average price is $451.24.

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EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Wednesday, February 26th. The construction company reported $6.32 EPS for the quarter, topping 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 business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. As a group, equities analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

EMCOR Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.24%. EMCOR Group's dividend payout ratio (DPR) is presently 4.64%.

EMCOR Group announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EME shares. Stifel Nicolaus lowered 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 note on Thursday, February 27th. StockNews.com lowered shares of EMCOR Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $497.25.

Insider Buying and Selling

In other EMCOR Group 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 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. This represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.26% of the company's stock.

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.