Stevens Capital Management LP Purchases New Position in EMCOR Group, Inc. (NYSE:EME)

Stevens Capital Management LP acquired a new position in EMCOR Group, Inc. (NYSE:EME) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 681 shares of the construction company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EME. LPL Financial LLC boosted its holdings in EMCOR Group by 42.5% during the fourth quarter. LPL Financial LLC now owns 45,224 shares of the construction company’s stock worth $20,527,000 after buying an additional 13,485 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of EMCOR Group in the fourth quarter worth about $22,060,000. Knights of Columbus Asset Advisors LLC boosted its stake in shares of EMCOR Group by 0.9% during the 4th 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. American Century Companies Inc. grew its position in shares of EMCOR Group by 81.6% during the 4th 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. Finally, Quantbot Technologies LP purchased a new position in shares of EMCOR Group in the 4th quarter valued at about $1,192,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

EMCOR Group Stock Up 4.7 %

EME opened at $413.64 on Tuesday. EMCOR Group, Inc. has a twelve month low of $319.49 and a twelve month high of $545.30. The company has a market cap of $18.81 billion, a PE ratio of 21.01 and a beta of 1.14. The company has a 50-day moving average price of $433.40 and a 200 day moving average price of $451.24.

EMCOR Group (NYSE:EME) last released 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 return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.81 billion. As a group, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

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

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on EMCOR Group from $600.00 to $514.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $497.25.

Insider Transactions at EMCOR Group

In other news, CAO Maxine Lum Mauricio sold 1,250 shares of the business’s 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 transaction, the chief accounting officer now directly owns 27,642 shares in the company, valued at $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 is available at this hyperlink. Insiders own 1.26% of the company’s stock.

About EMCOR Group

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.