1,051 Shares in EMCOR Group, Inc. (NYSE:EME) Acquired by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,051 shares of the construction company’s stock, valued at approximately $477,000.

A number of other large investors also recently bought and sold shares of EME. True Wealth Design LLC increased its holdings in shares of EMCOR Group by 3,466.7% during the 3rd quarter. True Wealth Design LLC now owns 107 shares of the construction company’s stock worth $46,000 after buying an additional 104 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in EMCOR Group by 494.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 113 shares of the construction company’s stock worth $51,000 after acquiring an additional 94 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of EMCOR Group by 14.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after purchasing an additional 25 shares during the period. Private Trust Co. NA lifted its stake in shares of EMCOR Group by 153.6% in the 3rd quarter. Private Trust Co. NA now owns 246 shares of the construction company’s stock valued at $106,000 after purchasing an additional 149 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of EMCOR Group by 40.2% during the 4th quarter. Whittier Trust Co. now owns 279 shares of the construction company’s stock worth $127,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus reduced their price target 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 report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EMCOR Group has a consensus rating of “Moderate Buy” and a consensus price target of $497.25.

EMCOR Group Stock Performance

EMCOR Group stock opened at $379.23 on Friday. EMCOR Group, Inc. has a one year low of $319.49 and a one year high of $545.30. The stock’s 50 day moving average price is $426.90 and its 200 day moving average price is $450.74. The firm has a market capitalization of $17.24 billion, a PE ratio of 19.26 and a beta of 1.14.

EMCOR Group (NYSE:EME) last announced its earnings results 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.81 billion. On average, analysts forecast that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group Announces Dividend

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, January 16th. EMCOR Group’s payout ratio is 4.64%.

EMCOR Group announced that its board has authorized a stock buyback program on Wednesday, February 26th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction 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 completion of the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.