EMCOR Group, Inc. (NYSE:EME) Stock Position Decreased by Royce & Associates LP

Royce & Associates LP lowered its position in EMCOR Group, Inc. (NYSE:EME) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,698 shares of the construction company’s stock after selling 2,945 shares during the period. Royce & Associates LP’s holdings in EMCOR Group were worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EME. Catalyst Funds Management Pty Ltd boosted its holdings in EMCOR Group by 900.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 3,000 shares of the construction company’s stock worth $1,362,000 after purchasing an additional 2,700 shares in the last quarter. Poinciana Advisors Group LLC bought a new position in shares of EMCOR Group in the 4th quarter valued at approximately $218,000. Picton Mahoney Asset Management lifted its holdings in EMCOR Group by 27.6% in the 4th quarter. Picton Mahoney Asset Management now owns 1,104 shares of the construction company’s stock worth $501,000 after purchasing an additional 239 shares during the last quarter. Sienna Gestion acquired a new position in EMCOR Group during the fourth quarter valued at approximately $6,397,000. Finally, Hilton Capital Management LLC lifted its stake in shares of EMCOR Group by 4.9% in the fourth quarter. Hilton Capital Management LLC now owns 6,337 shares of the construction company’s stock worth $2,876,000 after buying an additional 297 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EMCOR Group

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

Analyst Ratings Changes

EME has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They issued a “sell” rating and a $445.00 target price on the stock. Stifel Nicolaus cut their price target on EMCOR Group from $600.00 to $514.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Northcoast Research initiated coverage on shares of EMCOR Group in a research report on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. Finally, 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 equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, EMCOR Group currently has a consensus rating of “Moderate Buy” and an average target price of $497.25.

EMCOR Group Price Performance

Shares of EME stock opened at $400.31 on Friday. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock has a market cap of $18.20 billion, a P/E ratio of 20.33 and a beta of 1.14. The stock has a fifty day moving average price of $435.92 and a 200 day moving average price of $449.51.

EMCOR Group (NYSE:EME) last announced its quarterly 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 firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Equities research analysts anticipate that EMCOR Group, Inc. will post 20.74 EPS for the current year.

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 outstanding 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 typically a sign that the company’s board believes its shares are undervalued.

EMCOR Group Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.25%. EMCOR Group’s payout ratio is presently 4.64%.

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.